Newcastle, New South Wales
A RARE INVESTMENT GEM IN THE NEWCASTLE REGION - 2866MF
FREEHOLD $2,100,000
Business Description
Seize this rare opportunity to own a thriving accommodation business in Newcastle. Whether you're expanding your property portfolio or entering the hospitality market, Blue Wren Lodge in West Waratah is an investment you won't want to miss!
The Leaseholder and Investment Owner have come together to sell this outstanding property.
This well-maintained lodge offers a fantastic blend of comfort, convenience, and strong returns, making it an ideal purchase for savvy investors or hospitality entrepreneurs.
- Property Area: 758.8 m2
- 10 Modern Guest Rooms: A mix of Standard Queen and King Rooms, all with private ensuites.
- Fully Furnished and Equipped: Each room features air conditioning, SMART TVs, mini-fridges, and complimentary Wi-Fi.
- Shared Facilities: Includes a spacious kitchen and dining area, guest laundry, and workstations.
- Modern Infrastructure: Fully electronic access system, CCTV system and modern IT and W-fi infrastructure including fibre to the premises.
- High Demand Accommodation: Popular with corporate travellers, medical visitors, and long-term guests.
- Minimal Maintenance and Ongoing Costs: Well-designed layout with durable, high-quality furnishings.
- Consistent Revenue Stream: A sought-after accommodation option with competitive rates.
- Close to Key Amenities: Just minutes from Newcastle University, John Hunter Hospital, and local shopping precincts.
Adjusted Net Profit: $144,160 for 2023/24 (as provided by vendor)
Average Occupancy - 55%
Contact Rob Urquhart from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2866MF (quote when enquiring)
Property Code: 5180
Business Summary
Key Investment Insights
Key Insights:
1. Prime location in the thriving Newcastle region, with close proximity to key amenities and high demand for accommodation.
2. Well-maintained and fully furnished property with modern infrastructure and minimal maintenance and ongoing costs.
3. Consistent revenue stream with competitive rates and a high occupancy rate of 55%.
4. 10 modern guest rooms with a mix of Standard Queen and King Rooms, all with private ensuites.
5. Shared facilities including a spacious kitchen and dining area, guest laundry, and workstations.
6. Popular with corporate travellers, medical visitors, and long-term guests.
7. Fully electronic access system, CCTV system, and modern IT and Wi-Fi infrastructure.
8. Strong adjusted net profit of $144,160 for 2023/24, as provided by the vendor.
9. Opportunity for expansion and growth in the hospitality market.
10. Contact Rob Urquhart from Tourism Brokers for further information or to arrange an inspection.
