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APARTMENT ACCOMMODATION, GLEN INNES, NORTHERN TABLELANDS NSW

LOCATION/AREA

Glen Innes Northern Tablelands NSW. One hour’s drive north of Armidale, 2 hours west of Grafton and an hour south of the Queensland border.

BUSINESS TYPE/SIZE

Freehold heritage building comprised of 5 well appointed apartments.

PRICE RANGE

$520,000 Firm

BUSINESS INFORMATION

These are 4 star heritage listed apartments and acknowledged as premier accommodation. Glen Innes is situated on the intersection of the Gwydir and New England Highways. It is a town with an area population of 10,000 people.

Family Apartment Bedroom	Family Apartment Kitchen	Family Apartment Living Area

The apartments consist of two buildings standing side by side. One is an 82 year old, heritage listed building with all restorations completed and the other is a 22 year old building with most of the renovations complete. The apartments have been operating as a complex of 5 for 2 ½ years with income being doubled each year.

Spa Apartment Bedroom	Spa Apartment Looking to Loft	Spa Apartment Kitchen

The Apartments include:

• 1 x 3 bedroom family apartment
• 2 Queen studio apartments
• 1 King spa studio apartment
• 1 Queen spa studio apartment
• 3 apartments have full kitchens
• 2 apartments have kitchenettes

Spa Apartment Bathroom	Spa Apartment Living Area & Stairs

Versatile Accommodation

There are 3 choices to manage these:

• Live in one apartment and continue to operate the other 4 as a business 
• Operate all 5 as they are currently managed
• Rent out all 5 apartments with short or long term leases

Studio Apartment Bedroom	Studio Apartment Kitchen & Living Area

Features include:

• Situated opposite the beautiful Glen Innes Parklands
• 150metres from the CBD
• 350 metres from the Highway
• Quiet off highway position
• Has an excellent reputation for quality.
• Complimentary Continental breakfast provided.
• No cooked meals
• Provides a good income with minimal effort
• Clients include a growing number of repeat customers including:
• Sales Representatives
• Travellers
• Government Dept. employees
• Families of local residents.
• Clientele of local businesses
• Popular for group bookings for special functions, weddings and family reunions

Woolworths, Macdonalds and a Truck Stop are currently establishing sites to be operational by the end of the financial year.

Studio Apartment	Studio Apartment

BEST FEATURES

• Currently managed off site with calls diverted to a mobile phone.
• Easy to manage and operate
• Key pad system in place
• Beautiful décor
• Prices could be increased to improve profits.
• Town has 5 festivals each year
• Centre of town yet a quiet location
• Plenty of room for growth
• Off the highway
• Apartments are quiet with comfortable beds
• Good income with minimal effort.

Apartment Entrance	External Wall	Courtyard

ADDITIONAL INFORMATION

All marketing to date has been via the internet, AAA Tourism and word of mouth.

The current owners have restored the heritage building and largely renovated the newer building, leaving very little left to do. There are no heritage issues with the older building as all relevant work has been completed. The owners are looking to retire.

Contact the owners to arrange an inspection of this historic building and for more information plus business figures.

Contact Details

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