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Two Freehold Short Stay Apartment Complexes

$1,950,000

Strahan, Tasmania

Two Freehold Short Stay Apartment Complexes

On offer here is an established family business, that has been owned and operated by the current owners for 30 years, in the stunning harbour-side village of Strahan.

On the edge of the Tasmanian Wilderness World Heritage Area, Strahan has a fascinating convict past and is 300km from Hobart and 226km from Devonport.

The gateway to the south-west wilderness, Strahan is a busy travel destination offering amazing activities - such as cruising Macquarie Harbour, long stretches of beach and ocean, massive sand dunes and forest, and delicious local produce.

On offer here are two freehold self-contained apartment complexes offering short stay accommodation to families, special interest groups and seniors.

Sharonlee Strahan Villas sits on 6,865sqm across 8 residential lots, and features 10 self-contained 2-bedroom villas, a 1-bedroom villa, and a combined reception and laundry building. The property is self-rated 3.5 Star and is a member of the TasVillas booking group.

Marsden Court is across the road from Sharonlee, on a single residential lot of 5673sqm, and comprises 4 self-contained 2-bedroom apartments and 8 studio apartments. The property is self-rated 4 Star and is a member of the Innkeepers booking group.

At a glance:
• Both complexes are well built, well maintained and in very good condition.
• The business began operation in 1973 with the first 2 units opening. Since then more have been built over the years with the latest Marsden Court development built in 2006.
• Occupancy is good and turnover is healthy, continuing an upward trend from FY 11/12.

With excellent staff in place and happy to stay on, the properties are offered on a walk-in walk-out basis with some minor exclusion. A purchase offer on only one with a lease back on the other may also be considered.

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Last updated: 8th October 2016

Summary

Property Type
Business
Contract Type
For Sale
Location
 Strahan
State
 Tasmania
Price
$1,950,000
Category
  • Motel

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Agency

Coast to Coast Media

Contact

Coast to Coast  Media

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