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Motel - Freehold - Development - Freehold Motel In Cooma Area - Snowy Mountains Nsw - Nett $338,260 Pa For Sale

Sydney, New South Wales, Australia
Asking Price:
$4,250,000 (AUD)
Sales Revenue:
$416,000 (AUD)
Cash Flow:
$338,260 (AUD)

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 isnt utilised at present.

Potential
Major infrastructure works announced for Snowy Hydro scheme. - Plans for 16 lot subdivision on adjoining area with 80m frontage available.

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, separate brick villas, and 2 level apartment building on total area of 14,000 sq. mts.

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

Trading Hours
As required.

Lease
Freehold.

Employees
1 owner + 1 Manager

Comments

Property Information

Location:

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

Business Operation

Expansion Potential:

Major infrastructure works announced for Snowy Hydro scheme. - Plans for 16 lot subdivision on adjoining area with 80m frontage available.

Trading hours:

As required.

Employees:
1 owner + 1 Manager
Years established:
1970

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