Established in 1904, The Railway Hotel has a rich history and offers a unique accommodation business opportunity for new ownership. Once a grand establishment and now catering to a niche clientele of mature singles, the business provides semi-permanent accommodation in a charming, character-filled building. Spread over two floors, the hotel has 29 rooms, 23 with ensuites, alongside shared lounges and kitchens, offering comfort and a sense of community for its long-term tenants.
Fully furnished and tastefully decorated with an extensive art collection, this business is ready to continue operating smoothly under new ownership. Lease terms are highly favourable at just 11% of turnover. With tenants largely responsible for their own rooms, the workload is minimal - owners primarily focus on maintaining communal spaces, allowing for a balanced lifestyle.
A standout feature is the onsite accommodation for owners, providing free living quarters with many costs covered. This aspect, combined with the nominal operational workload, allows for comfortable living and easy management. The current owners have enjoyed a healthy average return of $288k per year over the past two years.
If you're seeking a highly profitable business with a simple, low-maintenance model, The Railway Hotel could be the perfect fit. With its historic charm, strong returns, and included accommodation, it offers an unbeatable lifestyle and investment opportunity. Don't miss out!
Get in touch with Steve Davey - 027 257 6856 to learn more.
Price $695,000
For further information regarding this sale, please complete our online confidentiality agreement.
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