Tennis Court: No
Cable Installed: Yes
Pets Allowed: Yes
Barbeque Area: Yes
Pet with BC approval.
This complex is being offered for for sale You are buying a successful short term boutique hotel that has long term rentals as well as a restaurant and bar . All equipment including kitchen, bar, office, cleaning, and gardening is included. Right in the middle of busy Kangaroo Point. Real estate Lot 1 the managers residence $500,000, Lot 34 Restaurant and bar $225,000 Total $725,000 for the lot, Income conservatively P&L shows more .
There is a contiguous complex next door that is permanent but all Form 6 have both permanent and short term on them. They are fully furnished. Solitude consists of 8 x 1 and 2 bedroom rentals and a total of 28 units in the complex with a pool only. Both complexes are GV complaint . Solitude has 13 years to run on a 25 year agreement and The Wellington has 18 years to run of a 25 year agreement. Both complexes are being offered on an as is bases. This business was running at more than double the current income several years ago. This business has an unbelievable up side for the astute buyer.
BC for The Wellington is $83,138 and for Solitude $40,400