Beautifully Presented 3.5 Star 4 Level, 32 Room Boutique Hotel

  • SOLD $8,800,000
22 Centennial Avenue, Chatswood, New South Wales
  • Guest House, Hotel, Lodge
  • Property Type
  • 32
  • Bedrooms
  • 32
  • Bathrooms
  • 1
  • Garage
Featured Commercial Sold

Beautifully Presented 3.5 Star 4 Level, 32 Room Boutique Hotel

22 Centennial Avenue, Chatswood, New South Wales
  • SOLD $8,800,000

Description

“The Charrington” of Chatswood is 3.5-star boutique Victorian style hotel centrally located in a quiet leafy street less than 400 metres away from Chatswood’s CBD. Its light filled interiors and exquisite décor presents & reflects its old-world charm reviving the classic period style of yesteryear. Same ownership for over 40 years.

Impressive spacious lounge and reception area with 2 communal kitchens 32 self-contained rooms with ensuite and all with either a balcony or a courtyard. Variety of room sizes 2 x 1 BR, 1 x 35m2 and 29 rooms are approximately 25m2 in size with 16 rooms featuring air conditioning. 3 rooms can be turned into double rooms by removing the partition walls. The property was built in 1958 and boasts double brick and concrete slab construction, meticulously redesigned to represent the classic Victorian styled era.

Proven and secure cash flow business:

Proven and secure cash flow business:

  • 2018-2019 FY Pre Covid GAR $921,437.00
  • 2019-2020 FY Pre Covid GAR $820,595.00
  • 2020-2021 FY Covid GAR $570,040.00
  • 2021-2022 FY Covid GAR $564,115.00
  • 2022-2023 FY Post Covid GAR $1,400,281.00 (net income of $724,972.00)

The Charrington is strategically located within a short distance to all of Sydney’s major attractions and a short 400 metre stroll to the busy metropolis of Chatswood shopping precinct where you will find major banks, movie theatres, cafes, eateries, Westfield and Chatswood Chase.

Inspections by private appointment.

Details

Updated on February 20, 2024 at 8:32 am
  • Property ID: DET-12111
  • Price: SOLD $8,800,000
  • Land Area: 565sqm m²
  • Bedrooms: 32
  • Bathrooms: 32
  • Garage: 1
  • Property Type: Guest House, Hotel, Lodge
  • Property Status: Commercial Sold

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Dominic D’Ettorre
  • Dominic D’Ettorre