Sold - Sevan Apartments
Forster, New South Wales 2428
SOLD
Key Features
AI generated. Contact seller to confirm.
- 37 luxury apartments (29 in the letting pool) operated with no external agents, established short-stay accommodation business
- Located in Forster town centre on the Mid North Coast with lake, town and ocean views, close to local amenities and tourism hubs
- Proven operational performance since opening in December 2007 with consistent returns and 73% occupancy
- On-site quality-appointed manager’s residence (2 bed, 2 bath) supporting hands-on management and guest services
- Strong reputation and quality tourism accreditation (4.5-star) with high online ratings across TripAdvisor, Expedia and Booking.com
- Well-regarded property within the Body Corporate and owner community, positioned in a consistently thriving accommodation region
- 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.
