Sydney CBD
NSW
$299,000
Accommodation Complex - Freehold - Under Management - 20 Units.Price: $7,000,000Net Profit: $309,260 |
Visit this listing at https://www.sbx.com.au/business?id=CB1497 |
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PREMIUM LISTING
Business Code: CB1497 Key Highlights
About the Business For SaleFreehold accommodation complex, formerly operating as a motel, now utilising the accommodation units on long-term lease agreements. The accommodation is presented as a mix of 2 x 3 bedroom detached villas and 7 x 2 bedroom detached villas. A separate two level building houses accommodation consisting of 2 x studio apartments and 7 x 2 bedroom apartments on ground floor, with 2 x 2 bedroom apartments on upper floor. All villas have lock-up garages and hot water is supplied by separate units. A large separate building was previously used as reception and 200 seat restaurant , and is now utilised for private use. The site is freehold, in 4 lots, and covers 13930 sqm and has all town services connected, including water and sewerage, with zoning R1 - General Residential. The majority of leases are 2 years, with remainder 1 year. Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale. 
Yearly SummaryAnnual Revenue$419,802Net Profit$309,260Price$7,000,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
PREMIUM LISTING
Accommodation Complex - Freehold - Under Management - 20 Units.
Business Code: CB1497Category: Accommodation Tourism
State: NSW
Key Highlights
- Excellent location, with frontage to main road, and only 1.5 km from Cooma CBD.
- The business model assures a steady long term income with minimal expenses and labour costs.
- The property is managed by a Real Estate Property manager.
- Strong demand for accommodation with Snowy Hydro 2 a long term project.
- A 6,000 sqm portion of the site, on separate lot, is not utilised, and with an 60m frontage to the main road presents as a possible development project with medium density accommodation.
About the Business For Sale
Freehold accommodation complex, formerly operating as a motel, now utilising the accommodation units on long-term lease agreements. The accommodation is presented as a mix of 2 x 3 bedroom detached villas and 7 x 2 bedroom detached villas. A separate two level building houses accommodation consisting of 2 x studio apartments and 7 x 2 bedroom apartments on ground floor, with 2 x 2 bedroom apartments on upper floor. All villas have lock-up garages and hot water is supplied by separate units. A large separate building was previously used as reception and 200 seat restaurant , and is now utilised for private use. The site is freehold, in 4 lots, and covers 13930 sqm and has all town services connected, including water and sewerage, with zoning R1 - General Residential. The majority of leases are 2 years, with remainder 1 year.
Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale.
Yearly Summary
Figures exclude GST
Annual Revenue
$419,802
Net Profit
$309,260
Price
$7,000,000
Enquire about this listing
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.