South West NSW
NSW
$3,500,000
Motel - Freehold - DevelopmentPrice: $6,000,000Net Profit: $6,505 |
Visit this listing at https://www.sbx.com.au/business?id=CB1283 |
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Business Code: CB1283 Key Features: Freehold motel in Cooma area netts $5405 p.w. - Snowy Mountains Nsw . 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)$7,000Gross Profit$7,000Outgoings$200Telephone$10Insurance$75Electricity$130Gas$80Total Expenses$495Net Profit$6,505Price$6,000,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Motel - Freehold - Development
Business Code: CB1283
Price: $6,000,000
Key Features: Freehold motel in Cooma area netts $5405 p.w. - Snowy Mountains Nsw .
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. - 5 motel units are being converted to 4 x 2 bedroom apartments to be let on a permanent basis.-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. -
Income GST inclusive. - Subdivision area is 6000 sq.mts. and has all town services connected. Hydro electric scheme upside
Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.
Weekly Summary
Figures include GST unless stated otherwise
Weekly Takings
$7,000
Gross Profit
$7,000
Outgoings
$200
Telephone
$10
Insurance
$75
Electricity
$130
Gas
$80
Total Expenses
$495
Net Profit
$6,505
Price
$6,000,000
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