CommercialReady.com.au are showcasing the top 5 most intriguing Hotel / Leisure sites that are currently up for sale across Australia.
From Hotels to motels and everything accommodation check out the latest sites that are now trending nationally. Whether you’re looking to buy, sell or research the market, our top 5 chosen sites will definitely catch your eye.
NSW: 4 Sydney Hostels
Cremorne Point, NSW (Address Available on Request)
A portfolio containing 4 Sydney hostels are currently on the market, which can be sold individually or altogether. The 4 boutique hostels are the Dazitel Lodge (16 rooms), Cremorne Point Manor (30 rooms), Glenferrie Lodge (70 rooms) and The Albert (26 rooms), which altogether total 142 rooms. Located in the North Shore, the hostels range from budget to luxury accommodation and will be sold with vacant possession.
CBRE Hotels are the selling agent for the listing.
NSW: The Posh Hotel
8-14 Broadway, Chippendale, NSW
Currently trading as ‘Posh Hotel’, this 32 room hotel investment comes with 2 retail ground floor tenancies, along with a 20m* street frontage. Placed on a large parcel of land (355sqm*), the hotel site has a net lettable area of 1,336 sqm*, which generates a net income of approximately $1,112,591pa. Located outside Central Station and near Sydney’s biggest universities (UTS & Sydney University), this property, which has been offered for the first time in 13 years highlights great potential to invest and occupy.
Listed for private sale, Savills NSW are the listing agents for the site.
VIC: Adina Hotel, West Melbourne
221 Rosslyn Street, West Melbourne, VIC
A new and established hotel has just opened in West Melbourne and is currently up for sale. The brand new Adina Hotel features 99 modern apartment/hotel rooms and comes with a long-term 15-year initial term lease to TFE hotels. Situated on the brink of Melbourne’s CBD the hotel site sits within close proximity to Marvel Stadium, Festive Hall and the famous Queen Victoria Market.
JLL headline the campaign, which is currently available via Expression of Interest until 3pm (AEST) Friday May 7th 2021.
QLD: ’The Castle’ Motel
2417-2419 Gold Coast Highway, MERMAID BEACH, QLD
An iconic Gold Coast Motel ‘The Castle’ is currently up for sale. Located on Gold Coast Highway, the 812sqm corner site contains 8 residential units each comprising of 2 bedrooms. Currently leased out, generating approximately $147,420 pa.
Harcourts Coastal Commercial are the listing agents.
SA: Herritage Listed Hotel
251 Waymouth Street, Adelaide, SA
Heritage Listed and showcasing real character, this West Adelaide listed building boasts 3 levels high (694sqm*) which sits on a strategic corner site of 263sqm* between Waymouth Street and Shannon Place. The rare property offering has 2 street frontages and is considered very distinguishable within the western quadrant of the Adelaide CBD. The property is for Sale by Expression of Interest, which closes Thursday April 29th at 4pm.
Belle Property Commercial (Adelaide) are the chosen listing agents for the site.
* = Approximately
Each week the top 5 sites from a different asset class will be chosen
