Sydney boutique hotel with residential potential brought to market

​Sydney, 15 October 2014 – The 15 room Admiral Collingwood Lodge is being brought to market through CBRE Hotels and LJ Hooker Balmain.

CBRE Hotels’ Paul Kapiris and Andrew Jackson and LJ Hooker Balmain’s Chris Calvert and Laura Holst have been appointed to steer the sale of the freehold going concern offering on behalf of the vendor. The property is expected to generate strong interest from both hoteliers and residential purchasers from Australia and throughout Asia.

Mr Kapiris commented; “These boutique hotel properties are very tightly held in Sydney. Opportunities for private investors to enter the Sydney hotel market are few and far between. Investors know that these assets are an easy to operate cash flow business and we expect them to continue to perform well in the future.”

“Sydney is considered to be the most desirable hotel market in the country. The consistent business demand and the fact that it is number one on the list of places to visit for tourists means that it has performed well in the past and will continue to do so.

Mr Jackson commented; “The hotel resides within a magnificent freestanding Italianate 1880's mansion retaining its Heritage features, set on a relatively level 700sqm (approx.) block with sunny private gardens in the dress-circle of East Drummoyne, with a fabulous city skyline view and Harbour glimpses.”

“The hotel was completely renovated in 2012, retaining loads of character and modernised into a 15- room boutique hotel with romantic charm.”

The Admiral Collingwood is consistently ranked as one of the top 10% of hotels in the world and the top Specialty Hotel in Sydney by TripAdvisor, the world's largest travel website.

Perfectly located, with easy access to the CBD by bus or ferry.  It has a multitude of potential uses - either an ideal income stream or the potential to convert back to a substantial family home (S.T.C.A)”

Many are aware of the influx of Chinese buyers in the Sydney residential market, but few are aware of the staggering Chinese tourist numbers predicted for the coming decade. The property is also potentially suitable as an investment to qualify for the business migration visa.

Mr Kapiris commented; “These huge numbers should bode well for affordable accommodation operators, particularly those within 10 minutes of the city.”

The Victoria Court Hotel Sydney will be auctioned on 13 November 2014.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue).  The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com. About CBRE Group, Inc.