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. Rare opportunity to own a thriving accommodation business in a highly sought-after location in Newcastle.
2. Well-maintained lodge with a fantastic blend of comfort, convenience, and strong returns.
3. Property area of 758.8 m2 with 10 modern guest rooms, all fully furnished and equipped with amenities such as air conditioning, SMART TVs, and complimentary Wi-Fi.
4. Shared facilities include a spacious kitchen and dining area, guest laundry, and workstations.
5. Modern infrastructure with fully electronic access system, CCTV system, and modern IT and Wi-Fi infrastructure.
6. High demand for accommodation from corporate travelers, medical visitors, and long-term guests.
7. Minimal maintenance and ongoing costs due to well-designed layout and high-quality furnishings.
8. Consistent revenue stream from sought-after accommodation option with competitive rates.
9. Close proximity to key amenities such as Newcastle University, John Hunter Hospital, and local shopping precincts.
10. Adjusted net profit of $144,160 for 2023/24 (as provided by vendor) with an average occupancy rate of 55%.
11. Contact Rob Urquhart from Tourism Brokers for further information or to arrange an inspection.
12. Property ID: 2866MF (quote when enquiring).
13. Property Code: 5180.
