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D'Ettorre Real Estate

22 Centennial Avenue Chatswood, NSW 2067

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22 Centennial Avenue,
Chatswood, NSW 2067

Hotel & Leisure • Other

Price information

Sale

FOR SALE $9,250,000

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Land area

Floor area

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Parking info

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to arrange a private inspection.
D'Ettorre Real Estate
Rupert Piggin
Dominic D'Ettorre

D'Ettorre Real Estate

Shop 2 / 640 Crown Street
SURRY HILLS, NSW 2010
D'Ettorre Real Estate
22 Centennial Avenue
Chatswood, NSW 2067

Map of 22 Centennial Avenue

Directions
  • Train stations within 5 km of 22 Centennial Avenue, Chatswood, NSW 2067Distance
    Chatswood Station489 m
    Artarmon Station1.2 km
    Roseville Station1.7 km
    Lindfield Station2.8 km
    St Leonards Station3.1 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 22 Centennial Avenue, Chatswood, NSW 2067Distance
    Centennial Av Opp Chatswood Public School39 m
    Chatswood Public School, Centennial Av121 m
    Chatswood High School, Centennial Av159 m
    Centennial Av Opp Chatswood High School170 m
    Chatswood Public School, Pacific Hwy176 m
    POWERED BY HERE ©
POWERED BY HERE ©

BEAUTIFULLY PRESENTED 3.5 STAR 4 LEVEL, 32 ROOM BOUTIQUE HOTEL

"The Charrington" of Chatswood is 3.5-star boutique Victorian style hotel centrally located in a quiet leafy street less than 400m 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 a balcony or a courtyard. Variety of room sizes 2 x 1 BR, 1 x 35sqm 29 rooms are approximately 25 sqm in size, 16 rooms feature air conditioning. 3 rooms can be turned into double rooms by the removal of the partition walls. Built in 1958 of double brick and concrete slab construction, meticulously redesigned to represent the classic Victorian styled era.

Proven and secure cash flow business:
2018 Pre covid GAR $1,028,744.00 Financial year
2019 Pre covid GAR $987,957.00 Financial year
2020 Covid GAR $832,596.00 Financial year
2021 Covid GAR $811,487.00 Financial year
2022 GAR $586,228.00 as at 31 June 2022 (expected GAR of $100,000 to $108,000 per month. Projected income 2022 over $1 million).

Property overview:
• Under same management for 41 years, will be sold as going concern with full inventory accommodating sale
• Will be sold under two separate contracts
• Business contract comprising of the business and inventory
• Contract of Sale for the land
• Free WI-FI for all guests accessible in every room and well received on all levels
• Remote lighting front of building, security key boxes and outdoor security phone
• NBN throughout the building, plus cost saving solar panels
• Power board allowance for separate electricity metres if required
• Fully Fire compliant door frames and ceilings all reinforced in preparation to make STRATA compliant
• All rooms have bathroom, balconies, bar fridge, TV, microwave, tea & coffee making facilities, phone, hairdryer, iron & ironing boards, ceiling fans, heating radiators
• In house laundry service is available on site

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

Inspections by private appointment.

Property ID: 504106391Last Updated: 9 Aug 2022

D'Ettorre Real Estate
Shop 2 / 640 Crown Street
SURRY HILLS, NSW 2010
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