Join Australia's most dynamic and respected property investment community

Any boarding house, apartment block or hotel builders/owners here?

Discussion in 'Commercial Property' started by NHG, 6th Aug, 2015.

  1. NHG

    NHG Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    89
    Location:
    Sydney NSW
    Hi.

    As per the title. I'm looking at doing something a little bigger in the lines of a boarding house/hotel in Sydney.

    Anybody on here do any such development in the past or own one.

    Looking for solid numbers for a business plan and costings.

    Would really appreciate a chat.

    Navid Guia
     
  2. NHG

    NHG Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    89
    Location:
    Sydney NSW
    Anyone?
    No-one owns a boarding house here?
    Please PM if you do.
     
  3. skater

    skater Capitalist -- www.skatepro.com.au Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,666
    Location:
    Sydney
    Navid, look up Elliotte?....can't remember her name, or the spelling. She was on SS. If you search by member, then alphabetical, you should find her. She had a couple in Sydney, then bought one in Tamoworth & moved there.
     
  4. gach2

    gach2 Well-Known Member

    Joined:
    30th Jun, 2015
    Posts:
    271
    Location:
    sydney
    I dont think she built the buildings though if thats the information your after.

    I have considered the idea of boarding houses built more like studio apartments and rented like a studio apartment.

    Finding suitable land is more the problem in terms of that goal
     
  5. pinkboy

    pinkboy Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,080
    Location:
    Mackay, Qld
    Pretty sure @Perp has Boarding house experience.

    pinkboy
     
  6. Excalibur1

    Excalibur1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    259
    Location:
    Sydney
    I have read Elliottes thread. It is very good and entertaining. I'm interested in knowing more about boarding houses too. In particular the ones that are set up as studios. I will be watching this thread. As @gach2 already mentioned finding a suitable site is the most important part. From what I have read it can be rewording once it is all set up.
    Finance is can probably by the issue as most will lend only 70%.
     
  7. headsonbeds

    headsonbeds Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    121
    Location:
    Brisbane
    I've got a couple in Bris. Never built one though, have run the numbers a couple of times and it was just cheaper, simpler and quicker to buy existing.
     
    NHG likes this.
  8. NHG

    NHG Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    89
    Location:
    Sydney NSW
    Thanks for the leads Deb and Adrian.

    I'll PM you, mind if I ask a few questions?
     
  9. Be Developer

    Be Developer Property Developer Business Member

    Joined:
    19th Jun, 2015
    Posts:
    1,299
    Location:
    Australia
  10. BurnettGroup

    BurnettGroup Well-Known Member

    Joined:
    4th Sep, 2015
    Posts:
    217
    Location:
    Gunnamatta Bay, Sydney, NSW
    What would you like to know. I deal in Hotels. (Alcohol, Food and Accommodation).