Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Commercial Property For Sale. Student Accommodation - Fantastic Yield (x 2)

LISTING DETAILS
Firms For Sale ID:
31623
Vendor reference:
15354
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$680,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
These purpose-built student accommodation premises provide an excellent income stream to their existing owner. With six bedrooms in each property, these properties cater to the burgeoning student population at the nearby Windermere campus of Bay of Plenty Polytech.

Each room is rented out separately for $150 per week. Some rooms are larger than others but all are charged out at $150 per week. There is a minimum stay required of 3 months. Naturally, the Polytech is less busy from November through to February and so the current owner rents the entire property out for $300 per night during the holiday period.

There are two bathrooms in each property, each with a toilet and shower.

Each bedroom is lockable and has its own wall heater which will automatically switch off after 40 minutes. There is also a cable for Sky into each room. The spacious lounge/dining room lends itself to relaxed socialising while the kitchen area is large enough to cater for a number of working spaces. There are also 6 food lockers in the kitchen which are assigned to each bedroom.

Water, power, rubbish, ground maintenance and a weekly cleaning of the bathrooms and floors (in the common spaces) are included in the rent.

This is an easy option for students studying at Windermere. Itâ??s
ï?¼\tWalking distance to the Windermere campus (700 metres)
ï?¼\tInclusive of utilities
ï?¼\tConvenient for shorter stays
ï?¼\tOff-street parking
ï?¼\tFully furnished
ï?¼\tGreat value for money

Call me now to view.