271 York Street, Sale, Victoria

Leasehold $850,000 Plus SAV

Property Description

Outstanding Motel in Prosperous Regional Town - 1P4757M

CRE Brokers are delighted to be appointed exclusive agents for the sale of the leasehold interest of Siesta Central Apartments situated in prosperous regional city of Sale, in East Gippsland Victoria.
Siesta Central Apartments business is being offered for sale by the current owner operators as Leasehold secured by a new 5 year lease with 5 further option terms totalling 25 years.
The serviced apartment / motel comprises 16 room keys including Studios, Special Access rooms, Standard & Executive Apartments, Deluxe 1 Bedroom Apartments, a 4 Bedroom Penthouse, and a 2 Bedroom Interconnecting Apartment with a Deluxe Apartment and a Studio
All apartments have been refurbished and most include fully equipped kitchens, bathrooms, laundry facilities, WIFI, Netflix, and quality furniture and fittings. Studios do not have Kitchen and Laundry Facilities.
The apartments are ideally situated centrally in Sale within walking distance to the shopping center, pubs, clubs and take-away restaurants.
Siesta Central Apartments offers a rare and compelling opportunity to gain a foothold in the corporate accommodation industry in one of Victoria's most successful and steadfast townships. Siesta has been purpose built for the corporate traveller, consistently achieving high occupancy rates with impressive profitability. Given its self-contained facilities and location in the middle of town, Siesta does not rely on the need to provide food and beverage.

Property Summary

Other Features / Notes

A:LEASEHOLD, B:MOTEL, C:VIC - Gippsland

Marketing Agent


Marketing Agency

CRE Brokers

Kevin Connolly
CRE Brokers

Phone

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Property Map

Map Location ( get directions )

271 York Street, Sale, Victoria 3850

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