Motel business for sale in Sydney 2000

19 days ago

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Freehold motel in Cooma area netts $5405 p.w. - Snowy Mountains Nsw .

Internal Ref: CB1283

Summary

SBX Code: CB1283 - Steady income from long and short term residents.Total land area of 14,000 square meters.- Large block suitable for further development. Contact us now.

Rent

$0 pa

Net Profit

$338,260 pa

Location Details

Prime position on Highway at entrance to major regional Snowy Mountains town.

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.

Hours

As required.

Lease

Freehold.

Employees

1 owner + 1 Manager + 2 casuals.

About the Business

Motel - Freehold - Development - Snowy Mountains

SBX Code: CB1283
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.

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

Premises
Large older style administration block with separate brick villas, apartments and motel units and a total area of 14,000 sq. mts.

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. -

SBX Code: CB1283

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