Business Summary

7 Fully Furnished 2 Bedroom Apartments Minutes Away From CBD Hobart

We are excited to offer an opportunity to take over a business that has stood strong in every economic condition. For sale are 7 fully furnished holiday apartments currently used 100% for holiday rentals. There is no shortage of customers all year round.
Current freehold owner has been operating the business since circa 2010 and is now ready to sell this outstanding business to a new energetic entrepreneur or a company.
Whats on offer?
-Long lease of 30 years.
-More than 28% ROI.
-Main road frontage offering free advertising with thousands of cars passing every hour of the day.
-Regular & repeat clientele, including locals, tourists and government organisations.
-Easy to operate business, minimal working hours and excellent income.
-In-house laundry for customers and the business, only linen supplied by Total Linen company.
-Car parking space is available for each apartment with guest parking.
-Owner advises occupancy over 90% every year.
Owner operates the business at their convenience and advises that there is huge potential to put it across various websites via a channel manager for better reviews and optimum income.
There is substantial income which can be proven upon inspection. This is an ideal opportunity for someone who is looking to earn a regular income with minimal work, long lease ensures financial success for the incoming operator.
Suitable for a working couple or a company that is looking to use it for their workers. Endless opportunities for ambitious new leasehold owners.
It is priced to sell at offers over $290,000+sav.
Only qualified buyers will be supplied with information and financials.
For more details on this exciting opportunity contact Paul Scott 0477 77 1098 [email protected] or Praveen Pant on 0432 256 682 INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF; Please Note: All figures quoted are approximate.

Property Details