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Leasehold City Fringe 3-star Boutique Hotel For Sale

Darlinghurst, New South Wales
Asking Price:
$1,200,000 (AUD)
Sales Revenue:
$500K - $1M (AUD)
Cash Flow:
$250K - $500K (AUD)

Only 10mins away from Sydney CBD, a prime location rarely seen among hotel businesses

· Vintage townhouse-style 3-star boutique hotel
· 4-storey brick and concrete construction
· 2 street-front entrances, 16 rooms in total
· Each of the 2 floors from the main entrance has 5 rooms
· Each of the 2 floors from the second entrance has 3 rooms
· 5 room types, all with en-suite bathroom, luxuriously and artistically furnished
· Mixed room sizes, varying from 10 to 22 sqm
· Room rate average $165
· Last renovated in 2017 and costed over $400,000
· Occupancy stays around 90% throughout the year, turning over $850,000+ yearly
· Pure-play business setup providing no facilities other than rooms enables low costs and simple management

Financials:

Sales: ˜ $860,000 p.a
Profit: ˜ $330,000 p.a
Rent: ˜ $330,000 p.a
Wages: ˜ $185,000 p.a (including owner salary)
Utilities: ˜ $21,000 p.a

*stock image used

Property Information

Real Estate:

Lease

Lease Terms:

Expiry in October 2024 with a 7 years Option

Location:

Situated in a funky inner-city suburb; convenient location within walking distance to bus stops and train station, plenty of restaurants and edgy boutiques nearby; easily accessing the city's must-see destinations and amenities

Business Operation

Employees:
The owner works only in the day time in weekdays; 53 staffed hours a week at the reception; 2 cleaners each work 35 hours a week

Contact Information

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