Historic Canberran lodges sitting on market, with $7,550 per week rental return
A 19-bedroom, 19-bathroom offering is currently sitting on the market, in the form of Canberran Lodge and Blue & White Lodge.
The two properties operate as one commercial hospitality/accommodation opportunity, and sit on the gateway to Canberra - 524 and 528 Northbourne Avenue, Downer.
Also featuring a reception area, dining room and large function kitchen, as well as close to Dickson shopping centre and public transport, the rental return potential is $7,550 per week, the listing notes.
They comprise of 19 rooms and feature a reception area, dining room and large functional kitchen. They also have central heating and the upstairs rooms have balconies with views of Black Mountain.
The properties have undergone major refurbishments over the last decade, with new facades, and covered balconies.
The stylish lodges currently have a "Your home away from home" motto, and have room tariffs spanning from $95 to $200 a night (without breakfast inclusion).
The properties are currently open to offers.
It appears that the two blocks were previously advertised in 2007 for $2,200,000, according to RP Data records.
Most online reviews are positive, however it appears that noise may be an issue for visitors.
The current owners seem to have held the two accommodation properties for many years, and note that they're a family business with 42 years of experience in the industry.
