'Apartments on the Park' is being offered as a successful short term accommodation going concern. The building consists of 5 apartments, including 2 x studio apartments, 2 x one bedroom apartments and 1 x family apartment with 3 bedrooms. The apartments are rated 4 Star by AAAT and have regular and repeat clients. The apartments are centrally located to the centre of Glen Innes while overlooking the beautiful Town Park. The current owners currently live in Queensland and have management plans in place allowing the new owners to be arms length from the business. The apartments figures over the past 4 years average a 17% return showing a very consistent and strong return. These figures could be further improved with a local manager. 21 Church Street Glen Innes is also listed for sale and can be purchased to compliment this Business.
Please contact Matthew Velcich for further information Apartments on the Park are a well maintained, strong and consistent set of apartments well suited for the astute investor.