Outstanding opportunity to acquire a freehold with $1.5mil Net + earning pot.
- Huge earning potential
- Convert to Apartments (STCA)**
- Previously approved for 8-storey
Bulldog Group are delighted to bring to market 196 Pacific Highway, St Leonards for sale by Expressions of Interest.
The property consists of a regular shaped block with a fully renovated and freshly painted Motel known as Hotel St Leonards and The Greenwich Inn with 36 rooms, staff rooms, 13 off street car parking spaces and a Licensed Café Restaurant.
The property is ideal for investors, occupiers or developers looking to secure a place in this tightly held business precinct.
*Potential operating income currently $125,000 + GST Net per month. Short-term nightly rates increasing fast post covid, currently $149 – $249per night.
*Potential to restart the licensed café/bar, run 7 days.
*This is your chance to own 1 of just 2 corporate motels/hotels only a short walk to trains, schools, education, medical/hospital and corporate offices.
*St Leonards is booming with New Development and High-Rise buildings in all directions, arguably Sydney’s most developed suburb after the CBD.
*Strong non-seasonal demand 12 months of the year for short-term accommodation 40% corporate bookings & 60% hospital bookings including Isolated Patients Travel
and Accommodation Assistance Scheme provides financial assistance to patients and their families who need to travel long distances to access specialist treatments.
*Royal North Shore Hospital biggest hospital in Sydney less than 300m away.
*Convert to Apartments (STCA).
*Rent long-term studio apartments or student accommodation (STCA).
*Zoning: R4 High Density Residential
*Height Limit: 15m or 5 storeys.
The successful end user for the property will enjoy a fast connection to all parts of Sydney via Sydney Trains T1 North Shore line services and future Crows Nest underground rapid transit station which will connect St Leonards to Barangaroo and Martin place within 5 to 7 minutes.
**(STCA) subject to council approval.
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Information Memorandum – 196 Pacific Highway St Leonards
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For Sale by Negotiation
196 Pacific Highway, St Leonards
Bulldog Property Group
0411 652 811
5 Marine Parade,
Manly, NSW 2095 Australia
(+61) 411 652 811