Phone enquiries - please quote property ID 30396.
* Located Bathurst NSW - Half the price of a comparative home in Sydney Market
* Over $3000 per week Rental Income - Average income over last 18 months = $13000 per month (Booking ledger and Bank deposits available on application)
* Management from current owners available - Set and forget investment
* If you have sold your home in Sydney recently, comfortably live off this rental income AND own a Holiday House for personal use!
The attached Short Term Accommodation Business is an absolute Cash-Cow and has been running for 18 Months, extremely popular with large groups escaping Sydney for a short break with friends. With a question mark over capital growth in NSW in the immediate future, it would be a challenge to find a property with a better proven rental yield than this one.
Completely renovated to a very high standard, with a focus on comfort, space, and entertaining, no expense has been spared to make this a well-thought-out home in a dress circle location located in the town of Bathurst NSW. This is a home that even the fussiest of buyers would be happy to live in, however, it is offered for sale as a property and attached business and we would only entertain offers that reflected this in the price.
The home:
- 900m2 Block with rear access to large acreage reserve (never to be developed) and mountain views
- 420m2 internal floor space under the roof - this is a large home.
- An additional 100m2 of undercover outdoor entertaining areas.
- 5 genuine Bedrooms, all with custom built-ins and drawer systems
- 3 Separate lounge rooms/living areas
- 3 Bay executive home office
- 3 Bathrooms as well as an additional Powder room
- Large entertainers Kitchen upstairs with additional concealed butler’s pantry
- Second Kitchen downstairs
- Huge 50m2 undercover Modwood balcony - perfect for entertaining
- Full Laundry both upstairs and downstairs
- Separate workshop/service room with commercial-style laundry setup for stock and maintenance equipment.
Completely renovated from front to back the home will surpass the expectations of any who inspect. Storage is in abundance, and everything renovated in the home has been done with quality materials and trades with longevity and low maintenance in mind.
The Business:
Casa on Cedar is a perfect getaway for large groups escaping Sydney for a short break to spend time with friends. With our own webpage as well as a presence on all major booking platforms a steady flow of enquiries and direct booking flow directly into our inbox.
- Comfortably sleeps 16 Guests (has hosted groups of 22 in the past)
- Booked at 50 - 60% occupancy year round
- Average nightly price $900
- Year 1 Earnings $159000
- Year 2 earnings $138500 (In progress - 4 months remaining)
- We are currently holding deposits for $50,000 worth of advanced bookings for the 2023 calendar year.
- Average weekly hour requirement for maintenance/cleaning/management is 5 - 8 Hours per week.
- We have so far received a 5 Star Rating from every single group that has stayed. Our feedback is viewable across various booking platforms and our own website.
We would be happy to continue to run and manage the business for any potential remote/interstate/investor purchasers who are looking for a Set & Forget investment as we are based in and have other businesses in Bathurst. If you prefer the security of a long-term rental, we receive multiple applications each year for 6 month rental contracts from businesses/corporate clients.
The breakdown of our listing sale price:
For sale by owner via expressions of interest, although we are happy to respond to queries via email or phone, we will firmly not entertain offers below our price range. This is not a fire sale, we are only willing to part with the property for the right price. We have had multiple offers, including cash unconditional offers in the $1.5 - $1.6 Mil price range, however we are unwilling to part with the property without receiving generous compensation for the value of the attached and proven income of the business.
Property valuation: $1,350,000+
Inclusions: $100,000 (Furniture,Stock & Equipment WIWO - Itemisation on request)
Future rental earnings: $160,000 P.A
Total: ? Make an offer
DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.
