21 Andrew Street, Strahan, Tasmania

10 x 2 Bdr & 1x 1Bdr Self-Contained Fully Furnished Villas Incredible Value offers over $1,095,000

offers over $1,095,000

Business Description

Make no mistake this is not a misprint, these units present extremely well, are located in attractive gardens, and have been regularly maintained and upgraded.

Sell your home live in one unit and either operate as is the current usage, overnight accommodation, generating approximately $385,000 (from 10 units) in 2023, or let on a permanent basis, which should return around $150,000 plus pa.

Upside exists to do slight boundary adjustments as these villas are on 8 titles ( with road frontage) and sell

Additionally included are the reception, commercial, and guest laundries, approximately 79m2.

These units have recently had split system air-conditioners installed, floor coverings and window furnishing replaced, new furniture and painted. They come fully furnished, with linen, crockery, and cutlery. The complex has commercial and guest washing machines.

Manicured lawns with trees, scrubs, and an established rose garden in the old railway turning circle.

The fastidious owners originally built the units and have lovingly maintained them, it has been a labour of love, for almost 50 years.

Located in Strahan, on the West Coast of Tasmania, a very popular tourist destination and a thriving centre for fish farming and Huon Pine.

This type of opportunity may never come your way again, so give it priority if it is of interest. Many times below the replacement value. GST may be applicable if turned into permanent lets,

For further information on this exciting and rare opportunity contact Neha Suyal at ---------- or Paul Scott at ---------- or 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.

Please Note: All figures quoted are approximate.

Business Summary

Marketing Agent
Paul Scott
Paul Scott

Business Brokers Network Australia

Business Brokers Network Australia

Key Investment Insights

1. The business for sale includes 10 two-bedroom and 1 one-bedroom self-contained fully furnished villas.
2. The asking price is $1,095,000, which is considered to be an incredible value.
3. The units are well-maintained and have been regularly upgraded.
4. The current usage is overnight accommodation, generating approximately $385,000 in 2023.
5. There is potential to let the units on a permanent basis, which could bring in around $150,000 per year.
6. There is potential for boundary adjustments as the villas are on 8 titles.
7. The sale includes a reception area, commercial space, and guest laundries.
8. The units have recently been updated with new air-conditioners, floor coverings, window furnishings, furniture, and paint.
9. The complex has commercial and guest washing machines.
10. The owners have lovingly maintained the units for almost 50 years.
11. The location of Strahan, Tasmania is a popular tourist destination and a thriving center for fish farming and Huon Pine.
12. The opportunity is considered rare and may not come around again.
13. The potential for GST may apply if the units are used for permanent lets.
14. Interested parties should make their own investigations and inquiries about the business.
15. All figures quoted are approximate.
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