Clifton Suites On Northbourne Canberra - SOLD


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Sold for 65,000,000 AUD Date of Sale: May 2016
Rooms: 153
Price Per Room: 424,837 AUD
Property Id : 29109

JLL Hotels & Hospitality Group has been exclusively retained to offer for sale the Clifton Suites on Northbourne (the “Hotel”, “Property” or “Asset”), located at 100 Northbourne Avenue, Canberra.

The Property features 153 one & two bedroom serviced apartments, flexible modern conference and meeting spaces, a restaurant & sports bar, swimming pool and parking for 256 vehicles. It occupies a strategic landholding just minutes from the Canberra CBD.

Clifton Suites on Northbourne offers a strong and stable trading history with a number of value–add opportunities including increasing the number of rooms by conversion of dual key apartments, leasing out of vacant retail tenancies to compliment the current business, strata title selldown or conversion to residential apartments.

The sale of the Clifton Suites on Northbourne represents an opportunity for passive investors and owner-operators alike to acquire a rare superb serviced apartment asset in Australia’s National Capital that offers both immediate and longer term investment benefits.

Mark Durran

Managing Director, Investment Sales Australasia
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