Colliers is pleased to announce the sale of Hotel Urban located at 194 Pacific Highway, St Leonards.
A private purchaser has snapped up the 4-star Hotel Urban on Sydney’s Lower North Shore for $8.1 million, which equates to $261K per key for the freehold components.
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 incorporated 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.
