Quality Suites Pioneer Sands, Wollongong, 19 Carters Lane,
Fairy Meadow, NSW 2519
Hotel, Motel & Leisure
Key property information
Floor area
Property extent
Tenure type
Sold on
Map of Quality Suites Pioneer Sands, Wollongong, 19 Carters Lane
Quality Suites Pioneers Sands
Jones Lang LaSalle's Hotels & Hospitality Group has been exclusively retained to offer for sale the Quality Suites Pioneer Sands which has the following features and key benefits:
• 46 keys comprising studio, one bedroom and two bedroom serviced apartments, extensive conference facilities with commercial kitchen, restaurant & bar, swimming pool, gymnasium, car park and two retail tenancies
• Excellent location just moments from key leisure, education and corporate demand generators
• Highly profitable hotel operation with numerous avenues for further growth
• Substantial depreciation allowances available plus minimal capex requirements over the medium term
• Currently operated under a franchise agreement, however vacant possession is attainable
• Ability to sell-down individual apartments and management rights
EXPRESSIONS OF INTEREST Closing midday (ADST) Thursday 13 March 2014
• 46 keys comprising studio, one bedroom and two bedroom serviced apartments, extensive conference facilities with commercial kitchen, restaurant & bar, swimming pool, gymnasium, car park and two retail tenancies
• Excellent location just moments from key leisure, education and corporate demand generators
• Highly profitable hotel operation with numerous avenues for further growth
• Substantial depreciation allowances available plus minimal capex requirements over the medium term
• Currently operated under a franchise agreement, however vacant possession is attainable
• Ability to sell-down individual apartments and management rights
EXPRESSIONS OF INTEREST Closing midday (ADST) Thursday 13 March 2014
Fairy Meadow, 2519 demographic data
The median household income for Fairy Meadow is $1,407, 2% lower than Regional New South Wales's household income of $1,434. Fairy Meadow has a younger age profile compared to the rest of Regional New South Wales (median age 38 vs 43). Property ownership data shows 38% of property owners in Fairy Meadow have a mortgage.
7,512
Population
$1,407 per week
Median household income
38 years
Median age
Owners
Most residents
Families
Most households
Quality Suites Pioneer Sands, Wollongong, 19 Carters Lane
Fairy Meadow, NSW 2519
JLL - Hotels & Hospitality GroupLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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