Strahan, Tasmania

When Value Counts 23 Self-Contained Apartments t/o $800K 9 Titles $2.45m 2023 net $426K

$2,450,000

Business Description

Long established business, current owners 38 years, well below replacement cost, representing exceptional value and showing an excellent ROI, with plenty of upside to be had.

Superb 23 self-contained apartment complex is well presented, in excellent condition, comprising 14 x 2- bedroom and 9 x 1-bedroom apartments, set in landscaped surroundings. The owner's attention to detail and cleanliness, friendly service and tourist information has resulted in glowing reviews of 8.2 on Booking.com ( 490 reviews) and 8.8 on Agoda.

Marsden Court Apartments, located in Strahan, represents an excellent investment; to operate as overnight accommodation, permanent lets or a strata/subdivide opportunity as there are currently 9 titles.

Centrally positioned reception/office, motel, and guest laundry, beautiful gardens with native trees, roses, and rhododendrons.

All units are fully furnished, as are both laundries, and split system air-conditioners in all units. Management software in place, no restaurant, total land area of approximately 12,500 m2 ( subject to boundary adjustment).

Sealed road access, electricity, town water, telephone, and sewerage all connected.

Will consider selling the Sharonlee component for $1.3m (10 x 2 bedroom, 1 x 1 bedroom apartments, and 8 titles ) and Marsden Court on the other side of the road for $1.5m ( 8 x studio rooms and 4 x 2 bedroom apartments)

An opportunity to purchase a home and a substantial income in one of the most beautiful coastal towns in Tasmania. Strahan is a thriving tourist destination with Macquarie Harbour a salmon fish haven. Gordon River cruises, the Abt Railway, the rugged features of the West Coast, the historical convict past, and the Huon pine industry, all contribute to the uniqueness and popularity of Strahan.

This is a standout opportunity, where the value of the bricks and mortar exceeds the asking price.
Please contact Paul Scott on ---------- or Praveen Pant on ---------- email: ----------
INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.

NOTE: All figures are approximate.

Business Summary

Marketing Agent
Paul Scott
Paul Scott

Business Brokers Network Australia

Business Brokers Network Australia

Key Investment Insights

1. Long established business with current owners operating for 38 years.
2. Exceptional value and ROI with plenty of upside potential.
3. Well-maintained and presented 23 self-contained apartment complex.
4. Mix of 1 and 2-bedroom apartments.
5. Glowing reviews on popular booking websites.
6. Potential to operate as overnight accommodation, permanent lets, or strata/subdivide opportunity.
7. Centrally positioned reception/office, motel, and guest laundry.
8. Beautifully landscaped surroundings with native trees, roses, and rhododendrons.
9. All units and common areas are fully furnished.
10. Management software in place.
11. No restaurant on site.
12. Total land area of approximately 12,500 m2.
13. Sealed road access and all necessary utilities connected.
14. Potential to purchase separate components of the business.
15. Opportunity to purchase a home and substantial income in a popular tourist destination.
16. Thriving tourist destination with various attractions.
17. Standout opportunity with the value of the property exceeding the asking price.
18. Contact details for further inquiries.
19. Intending purchasers advised to conduct their own investigations and not rely on statements made by the vendor.
20. All figures are approximate.
21. 9 titles included in the sale.
22. Potential for strata/subdivide opportunity with current 9 titles.
23. Located in a beautiful coastal town with various attractions and industries contributing to its popularity.
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