SOLD
Sold on 19 Feb 2024 for $8,000,000

22 Centennial Avenue
Chatswood NSW 2067

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 550m2
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Property Details for 22 Centennial Ave, Chatswood

Building Type
Commercial
Land Size
550m2
Local Government
Willoughby
Lot/Plan
16/DP16534

Last Listing description (November 2023)

"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 dcor presents & reflects its old-world charm reviving the classic period style of yesteryear. Same ownership for over 42 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:
2018-2019 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)

Property overview:
Under same management for 42 years
The property will be sold as a going concern with all inventory accommodating sale
Free WI-FI for all guests accessible and well received on every level in rooms
Remote lighting at the front of the building, security key boxes and outdoor security phone
NBN installed throughout the building
50 solar panels installed on top of the property
Power board allowance for separate electricity metres if required
Fully Fire compliant door frames and ceilings all reinforced in preparation to make the property strata compliant
All rooms have bathroom, balconies, bar fridge, TV, microwave, tea & coffee making facilities, phone, hairdryer, iron & ironing boards, ceiling fans and 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 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.

Property History for 22 Centennial Ave, Chatswood, NSW 2067

A timeline of how this property has performed in the market
Last Sold
$8,000,000
19 Feb 2024
  • 19 Feb 2024
    Sold for $8,000,000
  • 02 Jul 2022
    Listed for Sale PRICE ON APPLICATION
  • 14 Jul 2020
    Listed for Sale Contact Agent

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.