Gunnedah, New South Wales

FHGC $2,500,000 WIWO

Property Description

Freehold Serviced Apartments near the Heart of Town - 86% Occupancy - 1P5113M

Gunnedah Serviced Apartments is the largest self-contained apartment operator in Gunnedah and is now being offered as a WIWO Freehold Going Concern for the very first time.

Close to Gunnedah CBD and offering 9 self-contained, fully furnished 2 bedroom residential apartments over two Freehold locations, this wonderful business can be operated as a passive investment or as a remote owner operator.

Customer profiles include corporate travellers and contractors requesting longer term stays up to two years and tourists wanting short term stays.

Investment highlights:

. Consistent Sales revenue over numerous consecutive years
. High demand for self-contained accommodation for blue and white collar workers and travellers
. Average occupancy over the past 9 years = 86%
. Average occupancy since COVID = 92%

Gunnedah is a thriving town with diverse industries. Coal mining workers contributing substantially to the ongoing income of the business together with agriculture and two new solar farms under way.

Property Summary

Motel Information

Marketing Agent


Marketing Agency

CRE Brokers

Darren Leaney
CRE Brokers

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Map Location ( get directions )

Gunnedah, New South Wales 2380 Exact map location not provided

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