Narrabri, New South Wales

UNLOCK INVESTMENT POTENTIAL: PRIME NARRABRI SERVICED APARTMENTS AWAIT! | Resort Brokers ID : FH008316

$3,000,000

Business Description

ResortBrokers proudly presents the Narrabri Serviced Apartments, an exceptional prospect situated in the heart of Narrabri. This Freehold Going Concern comprises nine units managed remotely by a single owner, promising a hassle-free blend of convenience and profitability.

Each of the nine self-contained two-bedroom apartments is meticulously designed to offer guests a cosy and comfortable stay, featuring fully equipped kitchens, spacious living areas, and access to communal amenities like barbecue areas and laundry facilities, all complemented by brand new heat pump water heaters.

This property benefits from a steady influx of corporate patrons from diverse sectors such as government, mining, medical, railways, and roadworks, thanks to the property's proximity to the CBD and the scarcity of competition in the local serviced apartment market.

Given the ongoing national rental challenges, there's a sustained demand for short to long-term accommodations, particularly within the corporate sphere, signalling a promising future for the Narrabri Serviced Apartments and the potential for consistent returns.

Furthermore, the property offers investors the flexibility to explore future repurposing or repositioning options, enhancing its appeal.

Narrabri Serviced Apartments emerge as an enticing opportunity, marrying a resilient operational framework with a favourable market stance.

- 9 x two-bedroom apartments,each self-contained andfully equipped.
- Freehold Going Concern, offeringa passive investment opportunitywith remote management.
- Strategically located in a sereneneighbourhood, within walkingdistance to essential services.
- Accommodates both short-termand long-term bookings, cateringto a wide range of guest needs.
- Potential for future growth withoptions to repurpose or repositionthe property.
- Operates in a niche market withlimited competition in the servicedapartment sector.
- Benefiting from the ongoingnational rental crisis, ensuringsustained demand.
- Regular corporate clientelefrom diverse sectors includinggovernment, mining, medical,railways and roadworks.
- Inspection by appointment only.

Date updated: 15 Sep 2024 23:00:08