100 Kings Rd., Sydney - MLS®: 201828719 - $4,200,000
Welcome to 100 Kings Rd 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. 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 & 2 bedrooms 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 with the option of air condition for the summer months. There is a large kitchen, banquet room and area, bar, lobby with lobby bar area and dining area. Currently have 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