Moss Apartments Sydney for sale by HTL Property
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Moss Apartments Sydney for sale by HTL Property
Sydney Moss Apartments has been exclusively listed for sale by HTL Property Director Nic Simarro.
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HTL PropertyMoss Apartments
Moss Apartments in Sydney has been exclusively listed for sale by HTL Property Director Nic Simarro.
The property was completed by Moss Build in 2018 and is the newest boutique accommodation offering in the St Leonard precinct.
The property comprises 34 keys including 26 studios and 7 serviced apartments, with an additional Manager’s flat.
The property benefits from a location which is in close proximity to a number of demand drivers in Sydney; these include, but are not limited to, St Leonard’s Private Hospital, Royal North Shore Public Hospital, the Mater Hospital and Greenwich Private Hospital.
Image: Aerial map. Source: HTL Property.
In addition, multiple transport options are available for residents and guests of Moss Apartments.
The property is currently being managed by the vendor on short to medium term leases; however there exists an opportunity to reposition the operation by taking advantage of the property’s zoning and by operating the property bi-weekly and per-nightly subject to the room type.
The property is being marketed by way of Expression of Interest, closing Wednesday 24 June.
“There are major depreciation benefits for the future owner, and the fact there is no capex required will be very attractive to incoming investors; not to mention the ability to operate the property on a short or long-term basis” commented Simarro.
“The ability to trade rooms bi-weekly and per-nightly for incoming investors confirms the upside in the operational side of the asset given the fact the property will attract both the corporate and leisure market; with additional visitor nights coming from clientele visiting friends or family at the four surrounding hospitals” concluded Simarro.
With pricing expectations in excess of $20 million, strong and wide-ranging interest is expected from both traditional investors and new entrants to the market who are drawn to the asset’s premium location and obvious operational upside.
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