21 Andrew Street, Strahan, Tasmania
10 x 2 Bdr & 1x 1Bdr Self-Contained Fully Furnished Villas Incredible Value offers over $1,095,000
SOLD
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
Key Investment Insights
1. The business for sale includes 10 self-contained villas, each with 2 bedrooms, and 1 villa with 1 bedroom.
2. The villas are fully furnished and have been regularly maintained and upgraded.
3. The current usage of the villas is for overnight accommodation, generating approximately $385,000 in 2023.
4. There is potential to let the villas on a permanent basis, which could generate around $150,000 per year.
5. The property also includes a reception area, commercial space, and guest laundries.
6. The villas have recently had new air-conditioners, floor coverings, and furniture installed.
7. The property has manicured lawns and an established rose garden.
8. The owners have maintained the property for almost 50 years.
9. The property is located in Strahan, a popular tourist destination and a thriving center for fish farming and Huon Pine.
10. The opportunity is priced well below replacement value and GST may be applicable if turned into permanent lets.
