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Freehold Serviced Apartments - 1P5113M

Business for Sale
Gunnedah NSW

Freehold Serviced Apartments near the Heart of Town - 86% Occupancy.

Price FHGC $2,500,000 WIWO

Freehold Serviced Apartments - 1P5113M

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Gunnedah Serviced Apartments is the largest self-contained apartment operator in Gunnedah and is now being offered as a WIWO Freehold Going Concern for the very first time.

Close to Gunnedah CBD and offering 9 self-contained, fully furnished 2 bedroom residential apartments over two Freehold locations. This wonderful business can be operated as a passive investment or as a remote owner operator.

Customer profiles include corporate travellers and contractors requesting longer term stays up to two years and tourists wanting short term stays.

Investment highlights:

. Consistent Sales revenue over numerous consecutive years
. High demand for self-contained accommodation for blue and white collar workers and travellers
. Average occupancy over the past 9 years = 86%
. Average occupancy since COVID = 92%

Gunnedah is a thriving town with diverse industries. Coal mining workers contribute substantially to the ongoing income of the business together with agriculture and the two new solar farms under way.

Contact Seller

Contact: Darren Leaney
Phone: 07 5371 0165
Mobile: 0456 017 677

Bsale ID: 275795
Agent ID: 1P5113




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