Colliers is pleased to offer for sale Hotel Urban located at 194 Pacific Highway, St Leonards.
The 4-star hotel incorporates 31 strata freehold rooms and suites, freehold interest in the lobby, restaurant & conference rooms and 65 car parking spaces. The offering also incorporates leasehold interests in an additional 69 rooms.
The Hotel is strategically positioned proximate to Australia’s most prominent medical precinct in St Leonards which has provided a stable and growing base of demand. The property provides easy access to North Sydney, Chatswood retail precinct and the Sydney CBD with serves companies in North Sydney, St Leonards, Artarmon, Crows Nest and Chatswood and is a convenient distance from North Ryde Business Park and Lane Cove West Business Park.
The Hotel is currently owner operated, thereby offering flexibility for an incoming purchaser to operate, introduce their own preferred operating structure or potentially convert to an alternate use (SCTA). The property comprises a significant 2,435sqm land parcel strategically positioned close to the corner of Pacific Highway and Bellevue Avenue. The favourable R4 High Density Residential zoning may also assist with future development uplift on the site with the local area population projected to double by 2032.