Visit this listing at https://www.sbx.com.au/business?id=CB1319

Business Code: CB1319

Key Features: Long established - Newcastle - Hostel - Accommodation - Under Management - Leasehold

State: NSW

Suburb: Newcastle, 2302

Location: Corner location with frontage to main street in Newcastle area.

Description

Hostel accommodation of 21 rooms, recently refurbished, catering to budget conscious travelers - Accommodation extends over 2 storeys of the hotel premises, and rooms feature queen beds, tea/coffee making facilities and access to a guest kitchen and lounge area - Shower and toilet facilities are shared - One room is utilised for the on-site caretaker / manager.

Summary

  • Features: Catering to demand for budget accommodation - Great location - Close to all amenities - Close to University - Easily run - Consistent demand - Cheap rates. - Under management.
  • Potential: Precinct is undergoing massive renewal - Large building projects in progress - some minor cosmetic attention required. - Refresh current client profile to utilise premises as Budget Motel
  • Premises: Older style building with an area of 800 sq. mts. with residential portion of popular newly renovated hotel available.
  • Trading Hours: As required.
  • Lease: New 25 year lease - C.P.I. increases - Bond 3 months.
  • Employees: 1 caretaker
  • Comments: Income is gst inclusive.

Weekly Summary

Weekly Takings (inc GST)

$4,600

Gross Profit

$4,600

Rent

$2,400

Wages

$250

Telephone

$25

Insurance

$100

Electricity

$300

Total Expenses

$3,075

Net Profit

$1,525

Price

$125,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Hostel - Accommodation - Under Management - Leasehold

Business Code: CB1319

Key Features: Long established - Newcastle - Hostel - Accommodation - Under Management - Leasehold

State: NSW

Suburb: Newcastle, 2302

Location: Corner location with frontage to main street in Newcastle area.

Description

Hostel accommodation of 21 rooms, recently refurbished, catering to budget conscious travelers - Accommodation extends over 2 storeys of the hotel premises, and rooms feature queen beds, tea/coffee making facilities and access to a guest kitchen and lounge area - Shower and toilet facilities are shared - One room is utilised for the on-site caretaker / manager.

Summary

  • Features: Catering to demand for budget accommodation - Great location - Close to all amenities - Close to University - Easily run - Consistent demand - Cheap rates. - Under management.
  • Potential: Precinct is undergoing massive renewal - Large building projects in progress - some minor cosmetic attention required. - Refresh current client profile to utilise premises as Budget Motel
  • Premises: Older style building with an area of 800 sq. mts. with residential portion of popular newly renovated hotel available.
  • Trading Hours: As required.
  • Lease: New 25 year lease - C.P.I. increases - Bond 3 months.
  • Employees: 1 caretaker
  • Comments: Income is gst inclusive.

Weekly Summary

Weekly Takings
(inc GST)

$4,600

Gross Profit

$4,600

Rent (ex GST)

$2,400

Wages

$250

Telephone

$25

Insurance

$100

Electricity

$300

Total Expenses

$3,075

Net Profit

$1,525

Price

$125,000

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