Vendor wants this sold asap due to personal reasons!!! DA approved site for a 22 room Serviced Apartment Development close to the Calvary Mater Hospital at Waratah.
The development is for 22 serviced rooms including one for the manager. 22 car spaces are provided as well. It is only one block from the Hospital and will cater for people needing cancer chemotherapy and radiation treatment as well as any other people needing short term accommodation.
Many of these patients come from country areas and as treatment regimes are usually 12-16 weeks they need accommodation nearby. These units will allow family to be with them and have kitchens etc. so they can reduce costs of stay and have independence.
The Medi-motel will also be available for any other patients at our other nearby hospitals. This therefore frees up much needed hospital beds and the managers of the hospital are very much in support of the project.
Most health funds will also provide financial support for this type of accommodation.
The business will not be therefore subject to seasonal variations such as motels reliant on tourism. Therefore high occupancy rates are envisaged. Also any other people requiring short term accommodation would be clientele.
All rooms will have kitchen and bathroom and are designed as bed sitters.
The plan is DA approved for two buildings. Building costs have been acquired and can be provided on request.
This is a unique and exciting opportunity with a rarely found secure cash flow.
High returns are expected as well as high occupancy rates.

Contact Scott Gollan for further details