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.