Back to all investments Mantra Wollongong is a stratum, going concern hotel property and business. The property is located at 6-10 Gladstone St, approximately 100 metres south of its intersection with the Pacific Highway in Wollongong. It is located on the fringe of the Wollongong CBD, opposite the train station, and within close proximity to Wollongong Hospital, WIN Stadium and the Wollongong CBD.
The hotel currently operates as a upscale, serviced apartment hotel under the Mantra brand, servicing both the corporate and tourist markets. The complex was constructed in 2008. The building has 9 levels with the hotel operating out of levels G-7 with the Fund owning 44 of 54 apartments (51 apartments are in the letting pool). The basement car park has 46 spaces.
The property provides serviced apartment style accommodation as well as traditional hotel amenities, a breakfast lounge, internet and business services and conference facilities. There’s potential to acquire the remaining 10 strata lots of the building.
