Very rarely does a registered shared accommodation business become available for sale.
This is a very positive cash flow business. The rental pays the property mortgages and produces substantial surplus profit to the current owners.
This outstanding accommodation rental business includes 2 upmarket residential freeholds.
Property features include:
One property with an area of 735 square metres of land and a 456 square metre double storey house, consists of 8 bedrooms, 3 toilets, 3 bathrooms including a spa, 2 kitchens, 2 laundries and much more, including 6 car parks.
Currently accommodates 12 people. The premises could be upgraded to accommodate 18 people.
Property two has an area of 1,034 square metres of land with a large house consisting of 6 rooms, 2 toilets, 2 bathrooms and 3 car parks. Currently property two accommodates 7 people but more profit could be achieved by upgrading to accommodate 12 people.
Both properties are located near to each other and are only 2.5km away from a major shopping centre. They are close to public transport and other amenities.
Both residential properties are fully licensed and registered to accommodate 12 people per property.
This is an excellent opportunity for an Australian and especially an overseas investor to purchase a business and Australian residential properties. The foreign ownership laws allow for this type of property ownership without living in Australia.
For further information please contact Colin Crawford on