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4 Star Hotel for Sale


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Summary
 
Asking Price :
AUD 20,000,000 Plus Stock at Valuation
 
Turn Over :
AUD 871,000
 
Adjusted Net Profit :
AUD 152,000
 
Value of Fixed Assets :
upon request
 
Stock Value :
upon request
 
Years Established :
5
 
Employees :
1
 

Business Description
 

Summary :

This property and business operation is located at Perth, Western Australia
 
Full Description :
 

Opportunities & Expansion :

The hotel consists of an 11 level building, incorporating 68 hotel suites, cafe, reception and function rooms. At the rear of the hotel is a multi story, 148 bay car parking facility.The property and business operations are to be sold as a package offering a raft of opportunities for redevelopment or ongoing operation.The hotel has a 31/2 star rating and enjoys a 50% to 60% occupancy rate.

The function room facilities are sublet, on one floor and operate as, catering for weddings, corporate functions and seminars.

The carpark facility, which is operated as a separate entity, generates total revenue of A$755,700 per annum.

This Blue Chip property is in a prime location offering nrestricted panoramic river views from every level.

The Convention Centre is a mere 5 minutes walk from the site, and would allow the hotel to offer an alternative accommodation and parking facility for Convention Centre patrons.

Major redevelopment of the foreshore, rail and bus stations and an underground walkway are currently proposed by the City of Perth.

2 Possible Options for the site:

- Create luxury apartment and penthouses suites
- Upgrade accommodations to 4 star
- Increase car parking facilities by constructing additional levels
- Build additional accommodation above car park facilities
- Market bulk package accommodation for tour and business groups
It is a rare opportunity to acquire a prime inner city property with uninterrupted river and foreshore views and within walking distance to Convention Centre and city prescient.
 

Location Description :

Centrally located in Perth
 

Competition Market :

.
 

Franchise :

No
 

Property Information
 
Site Location :
Perth, Australia
 
Living Accomodation :
.
 
Leasehold/Freehold :
Freehold
 
Years left on Lease :
.
 
New Lease Available :
Yes
 
Rent :
0
 
Rates :
0
 
Approx. Sq Foot :
1,451 sq meters
 

Other Information
 
Trading Hours :
9am - 5pm Mon-Sat
 
What's forsale :
.
 
Support & Training :
Owners will stay on to give training and introductions to existing clients Current management will stay in place.
 
Reason for Selling :
Change in personal circumstance
 
Ecommerce Site :
No
 
HomeBased :
No
 
Relocatable :
No
 
Franchise :
No
 
Current Status :
 
Listing Status :
VERIFIED
   

 
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