217 Hume HighwayGreenacre NSW 2190
Property Details for 217 Hume Hwy, Greenacre
Last Listing description (September 2023)
EXPRESSIONS OF INTEREST CLOSE 4PM 4TH AUGUST, 2023
Open for Inspection Every Wednesday between 11.00am and 1.00pm or by appointment - midday to early afternoon preferred.
Description: Centrally located, 31 unit motel, close to Bankstown, Parramatta and Sydney Olympic Park areas - fast becoming the hub of Sydney for both business and sporting activities. Modern and beautifully presented.
Rating: 4 star
Construction: The building is 3 levels with brick and cladding external walls, concrete slab floors and flat cliplock roof. The construction is very modern and the property has quality street appeal.
Interior: 31 high quality deluxe rooms of a 4 star boutique standard. Best quality and value accommodation in the area.
Age of Building: Constructed in 2 stages in 1985 and 2015, the older section has been totally renovated to match the new 2015 build. Internal repaint 2023.
Occupancy: Approx. 85%
Residence: One bedroom self-contained Manager's flat
Clientele: Corporate, Sporting Groups, Tourists, Olympic Park Functions & Events
Land Area: 1,752 sqm
Tariffs: Corporate Deluxe Room From $149; Twin Room From $169; Deluxe Twin
Room From $189; Grande Family Room From $199
Restaurant: Breakfast Room Adjacent to Reception Seats 15 Guests - Small Commercial Kitchen
Motel Laundry: Full Commercial Laundry
Services: Limited room service - breakfast, air-conditioned, Wifi, tea and coffee making facilities, on-site courtyard parking, fire rated
Turnover: $1,250,000 in a normal trading year
Comment: Rarely does a property of this standard and age become available in the Sydney Area. Easy to run business - mainly bed operation with very limited breakfast component. Quality first class presentation.
Inspect with confidence - you will not be disappointed.
MQ Property ID:
7629294
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Property History for 217 Hume Hwy, Greenacre, NSW 2190
- 13 Sep 2023Sold for $5,900,000
- 04 Jul 2023Listed for Sale For Sale By Expression of Interest
- 10 May 2022Listed for Sale Contact Agent
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0About Greenacre 2190
The size of Greenacre is approximately 7.3 square kilometres. It has 25 parks covering nearly 4.9% of total area. The population of Greenacre in 2011 was 23,212 people. By 2016 the population was 24,365 showing a population growth of 5.0% in the area during that time. The predominant age group in Greenacre is 0-9 years. Households in Greenacre are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Greenacre work in a professional occupation. In 2011, 66.2% of the homes in Greenacre were owner-occupied compared with 62.8% in 2016.
Greenacre has 9,241 properties. Over the last 5 years, Houses in Greenacre have seen a 75.07% increase in median value, while Units have seen a 34.24% increase. As at 31 July 2024:
- The median value for Houses in Greenacre is $1,422,584 while the median value for Units is $751,412.
- Houses have a median rent of $850 while Units have a median rent of $650.
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