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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, Motel & Leisure • Other

Price information

Sold

$8,880,000

Key property information

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Floor area

Car spaces

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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

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 either a balcony or a courtyard. Variety of room sizes 2 x 1 BR, 1 x 35m2 and 29 rooms are approximately 25sqm 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:
• 2018 FY Pre covid GAR $1,028,744
• 2019 FY Pre covid GAR $1,321,116
• 2020 FY Covid GAR $832,596
• 2021 FY Covid GAR $811,487
• 2022 FY GAR $586,228
• 2023 FY GAR $1,410,000

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.

Property ID: 504408528Last Updated: 20 Feb 2024

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