Welcome to 100 Kings Road, where this very appealing opportunity is sure to peak the interest of an astute investor seeking a “turn-key” investment. A thriving business for many years and currently operating as a hotel, this is an exceptional opportunity to acquire this newly renovated investment property located on a busy, highly visible main road in downtown Sydney. Perfectly located to the downtown core and only steps to the board walk with approximately an acre of non-restricted water frontage. This building also offers a multi-tenant opportunity, by converting to a self-contained unit for rental revenue. A perfect location for a marina or yacht club with modern facilities. Currently operating as a hotel with the first floor consisting of 22 rooms featuring a combination of 1- and 2-bedroom rooms and walkouts overlooking the water. The main floor consists of 2-bedroom rooms, and the third floor (2nd level) consists of 22 rooms including a Penthouse Suite with a panoramic view. Each room has its own mini-split heat pump, with the option of air conditioning for the summer months. There is a large kitchen, banquet room and area, bar, lobby with lobby bar area and dining area. Currently has VLT machines with revenue located in a separate, private area. Recent renovations include: - Roof (pitched and flat) (2017) replaced - Siding, w/2" foam insulation behind siding (2015) - Heat pump in every room (2015) - Heat pump in restaurant (2018) - Hardwood/Ceramic in every room (no carpet) (2016-2018) - All-new bathroom in every room (2016-2018) - Buderus Boiler/Hot water system (2016) - Buderus - - Second floor all new furniture (2018) - Back parking all new asphalt (2017) - Deck added to restaurant (2018) (water view) - All new sprinkler heads (2015) - All equipment/fixtures included Act now. This is a unique opportunity.
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