$7,200,000

Hotel 59 presents an exceptional opportunity to acquire a well-established boutique hotel located in the vibrant inner-city suburb of Rushcutters Bay. With a proven occupancy record and a strong income stream, the property offers a blend of secure returns and future development potential.

• Over 40 years in operation with a proven customer base and consistently high occupancy.
• Enables a range of future uses including residential, retail, or hospitality, or Hotel, Motel.
• FSR of 3:1 and a height limit of 27m may allow for vertical extension or redevelopment, subject to council approval.
• potential to generate $393,640 P.A. Based on 80% occupancy rate ($341,640 (hotel) + $52,000 (café is current vacant but previously achieved this rent)).
• Located in a popular tourist & lifestyle precinct with excellent connectivity and strong tourism fundamentals.

This rare offering is ideal for investors, accommodation operators, or developers seeking a premium, well-positioned asset with multiple future pathways by adding more levels and rooms or totally redevelop as a mixed use development (S.T.C.A).