Freehold Serviced Apartments - 1P5113M
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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.
. 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.