Sold - Sevan Apartments
Forster, New South Wales 2428
SOLD
Key Features
AI generated. Contact seller to confirm.
- 37 luxury apartments with 29 units in the on-site letting pool and no external agents, providing operational control
- Proven, consistent trading history with 73% occupancy since opening in December 2007 and demonstrated ability to increase tariffs annually
- Spacious, modern manager’s residence (2 bedroom, 2 bathroom) on site for effective day-to-day management
- Widely regarded as the premier accommodation complex in Forster with strong relationships with Body Corporate and owners
- Quality Tourism Accredited 4.5-star rating and high guest review scores across TripAdvisor, Expedia and Booking.com
- Central Forster location with lake, town and ocean views in a consistently thriving accommodation region, supporting ongoing demand and yield management opportunities
- Turnover: Not disclosed
- Net Profit: Not disclosed
Business Details
Business Category Management Rights
As exclusive agents, CRE Brokers are proud to present Sevan Apartments, a magnificent Mid North Coast property located in the heart of the Forster town centre with wonderful views of the lake, town and ocean.
The Property: 37 Luxury Apartments – 29 in the letting pool and no external agents
Financial Performance: Proven and consistent financial returns – 73% occupancy and ability to increase tariffs each year since opening in Dec 2007
Manager's Residence: Quality appointed and spacious 2 bedroom 2 bathroom modern residence
Salient Points: Widely considered the premier accommodation complex in Forster with outstanding relationship with the Body Corporate and Owners in a consistently thriving accommodation region
Reputational Excellence
• Quality Tourism Accredited 4.5 star rating
• TripAdvisor - 4.5/5 Very Good
• Expedia - 9.4/10 Exceptional
• Booking.com - 8.8/10 Excellent
Business Price: 2,000,000
Unit Price: $700,000
Total Asking Price: $2,700,000
The Property: 37 Luxury Apartments – 29 in the letting pool and no external agents
Financial Performance: Proven and consistent financial returns – 73% occupancy and ability to increase tariffs each year since opening in Dec 2007
Manager's Residence: Quality appointed and spacious 2 bedroom 2 bathroom modern residence
Salient Points: Widely considered the premier accommodation complex in Forster with outstanding relationship with the Body Corporate and Owners in a consistently thriving accommodation region
Reputational Excellence
• Quality Tourism Accredited 4.5 star rating
• TripAdvisor - 4.5/5 Very Good
• Expedia - 9.4/10 Exceptional
• Booking.com - 8.8/10 Excellent
Business Price: 2,000,000
Unit Price: $700,000
Total Asking Price: $2,700,000
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:NSW - Central Coast/Hunter, C:NSW - North CoastWhat's Nearby
Nearby Locations
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This business is somewhat unique and has no similar competition in this region, category or price bracket.
