Visit this listing at https://www.sbx.com.au/business?id=CB1283

Business Code: CB1283

Key Features: Freehold motel in Cooma area - Snowy Mountains Nsw .

State: NSW

Location: Prime position on highway at entrance to major regional Snowy Mountains town.

Description

Freehold accommodation complex on large block consisting of 2 x 3 bedroom detached villas, and 7 x 2 bedroom detached villas - All villas have lock up garage. -Accommodation in separate building consists of 2 studio apartment let on a 6-12 months short term lease and 7 x 2 bedroom units leased on 12 month lease on ground floor, with 2 x 2 bedroom apartments on upper floor - Accommodation is mainly let on a weekly or semi permanent basis with 2 currently available for overnight use - A separate building houses the reception/office and an attractive lounge - A 200 seat restaurant is available but isn't utilised 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 Snowy Hydro scheme. - Plans for 16 lot subdivision on adjoining area with 80m frontage available.
  • Premises: Large older style administration block, separate brick villas, and 2 level apartment building on total area of 14,000 sq. mts.
  • Trading Hours: As required.
  • Lease: Freehold.
  • Employees: 1 owner + 1 Manager
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$8,000

Gross Profit

$8,000

Wages

$1,000

Outgoings

$200

Telephone

$10

Insurance

$75

Electricity

$130

Gas

$80

Total Expenses

$1,495

Net Profit

$6,505

Price

$4,250,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

PREMIUM LISTING

Motel - Freehold - Development

Business Code: CB1283
Category: Accommodation Tourism, Motel, Freehold
State: NSW

Key Highlights

  • Great position.
  • Well established.
  • Steady income from short and long term residents.
  • Large block suitable for further development.

About the Business For Sale

Freehold accommodation complex on large block consisting of 2 x 3 bedroom detached villas, and 7 x 2 bedroom detached villas - All villas have lock up garage. -Accommodation in separate building consists of 2 studio apartment let on a 6-12 months short term lease and 7 x 2 bedroom units leased on 12 month lease on ground floor, with 2 x 2 bedroom apartments on upper floor - Accommodation is mainly let on a weekly or semi permanent basis with 2 currently available for overnight use - A separate building houses the reception/office and an attractive lounge - A 200 seat restaurant is available but isn't utilised at present.


Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale. Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Yearly Summary

Figures include GST unless stated otherwise

Annual Revenue

$416,000

Net Profit

$338,260

Price

$4,250,000

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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.