Snowy Mountains
NSW
$1,600,000
Motel - Freehold - DevelopmentPrice: $4,750,000Net Profit: $5,405 |
Visit this listing at https://www.sbx.com.au/business?id=CB1283 |
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Business Code: CB1283 Key Features: Well established State: NSW Location: Prime position on Highway at entrance to major regional Snowy Mountains town. DescriptionFreehold accommodation complex consisting of 4 x 3 bedroom detached villas, 3 x 2 bedroom detached villas all with garage. -Accommodation in separate building consists of 1 studio apartment, 4 x 2 bedroom apartments and 5 motel units on ground floor, with 2 x 2 bedroom apartments on upper floor - All accommodation is let on a weekly or semi permanent basis with the exception of the 5 motel units which are available for overnight stays. - Villas and apartments have kitchenette and all units have tea/coffee making facilities, microwave oven, fridge, toaster and flat screen TV. - A separate building houses the reception/office, a day room and a 200 seat function room/restaurant, which is not utilised full time at present. Summary
Weekly SummaryWeekly Takings (inc GST)$7,500Gross Profit$7,500Wages$1,600Outgoings$200Telephone$10Insurance$75Electricity$130Gas$80Total Expenses$2,095Net Profit$5,405Price$4,750,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Motel - Freehold - Development
Business Code: CB1283
Price: $4,750,000
Key Features: Well established
State: NSW
Location: Prime position on Highway at entrance to major regional Snowy Mountains town.
Description
Freehold accommodation complex consisting of 4 x 3 bedroom detached villas, 3 x 2 bedroom detached villas all with garage. -Accommodation in separate building consists of 1 studio apartment, 4 x 2 bedroom apartments and 5 motel units on ground floor, with 2 x 2 bedroom apartments on upper floor - All accommodation is let on a weekly or semi permanent basis with the exception of the 5 motel units which are available for overnight stays. - Villas and apartments have kitchenette and all units have tea/coffee making facilities, microwave oven, fridge, toaster and flat screen TV. - A separate building houses the reception/office, a day room and a 200 seat function room/restaurant, which is not utilised full time at present.
Summary
- Features: Great position. - Well established. - Steady income from short and long term residents. - Large block suitable for further development.
- Potential: Major infrastructure works announced for Hydro Electric scheme. - DA and Construction Certificate for upgrade of 11 motel units to self contained units in place. - Plans for 16 lot subdivision with 80m road frontage available. Upgrade booking system.
- Premises: Large older style administration block with separate brick villas, apartments and motel units and a total area of 14,000 sq. mts.
- Trading Hours: As required.
- Lease: Freehold.
- Employees: 1 owner + 1 Manager + 2 casuals.
- Sale Reason: Time for a change.
- Comments: Laundry is processed in house, with 2 washing machines and 2 gas fired dryers. - 7 Villas have lock-up garages. - HWS to rooms is supplied by individual units. -
Booking engine commissions not included. - Income GST inclusive. - Subdivision area is 6000sqm and has all town services connected.
Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.
Weekly Summary
Weekly Takings
(inc GST)
$7,500
Gross Profit
$7,500
Wages
$1,600
Outgoings
$200
Telephone
$10
Insurance
$75
Electricity
$130
Gas
$80
Total Expenses
$2,095
Net Profit
$5,405
Price
$4,750,000
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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.
