Sold

Modern Apartment Complex in Vibrant Rural City of Orange - 2314MF

SOLD

Freehold - Modern self-contained apartment accommodation complex located in the vibrant rural city of Orange NSW, only 280km from Sydney.

  • 46 self-contained one-bedroom apartments
  • Complex is currently run for short-term stays and could easily be converted into overnight motel accommodation which will drastically increase revenue.
  • Orange city is well patronised by corporate contractors, travelling families and sporting groups.
  • Complex is two blocks of brick construction under tile roofing.
  • Current owner utilises two apartments for personal use and onsite manager another two.
  • Set in well-maintained, landscaped gardens.
  • Located 2kms from city centre in a quiet and secure setting.
  • A discerning buyer will acknowledge the tremendous potential and long-term viability of this complex.

Financials indicate Adjusted Net Profit of $700,000 operated as an extended stay or being utilised as an overnight motel operation projected Adjusted Net Profit of $1,175,000.

 

Contact Laurence Crowely from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2314MF (quote when enquiring)

Price SOLD
Property ID 2314MF
Category Motel

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