A quality addition to any investment portfolio, this 27sqm first floor studio/hotel room with sunny balcony offers guaranteed rental and capital gains potential in this key location. Leased to Hotel Urban until July 2027 with 10-year lease renewal options, it’s an ideal set-and-forget investment returning $20,250 per annum with no vacancy factor and all outgoings paid by the tenant apart from land tax. Lot 19 at 194 Pacific Highway, Greenwich is being marketed for sale through Raine & Horne HM Group for $339,000.
The boutique hotel has been designer renovated with quality finishes, sophisticated colour schemes, sleek fully-tiled bathroom, built-in wardrobe, ducted A/C and cable internet. Located on the sunny western side of the building, Room 108 is light and quiet with wide windows enjoying an attractive leafy bushland outlook. Hotel Urban is a 4.5 star hotel catering to a business client base, with a cafe and health food store on the ground floor, 24-hour reception, a well-equipped gym, putting green, lift and basement parking.
Ideally located for business and lifestyle, 194 Pacific Highway is metres to City buses and Royal North Shore hospital, around 10 minutes walk to St Leonards rail, shops, cafes and business, and with easy access to Chatswood, North Sydney, the City and airport.
Address: Room 108, “Hotel Urban”, 194 Pacific Highway, Greenwich
For Sale: $339,000
Inspect: By appointment
Internal Area: Approximately 27sqm
|R&H Suburb Summary||Houses|
|Number of sales||36|
|Median Rental Price||$1,200 p.w.|
|Change in Rental Rate (5yr)||21 %|
|R&H Suburb Summary||Units|
|Number of sales||26|
|Median Rental Price||$570 p.w.|
|Change in Rental Rate (5yr)||5 %|