Description: 20 Year Lease. Newly refurbished guest rooms - modern and comfortable with stunning views over Lake Jindabyne. Very well maintained. Paint & furniture are all in excellent condition.
Star Standard: 3.5 star
Construction: 2-level brick and tile construction with brick partitions. The building has been fully renovated throughout. 25 Motel Units plus 3BR Apartment.
Age: 30 Years Approx.
Clientele: Mix of tourism and corporate
Land Area: 2,683sqm approx.
Tariffs: Motel Rooms $126 to $320 Per Night; 3 BR Apartment $340 to $1,000 Per Night
Lease: 21 years
Rent:
Year 1$400,000
Year 2$800,000
Year 3$1,000,000 then 4%
Bank Bond $330,000
Services: Small kitchen for breakfasts only, air-conditioned, limited parking, Wi-Fi, guest laundry, fire-rated
Turnover: 6 Mths Hotel Revenue --.--.---- to --.--.----$967,173.76; Permanent Rentals $5,609 per week
Comment: This property has a restaurant and bar with panoramic views over the Snowy Mountains and Lake Jindabyne and also offers wedding and function facilities through the non-snow season. 21-year lease term in an area that is becoming a very popular destination for holidays and short-break travellers. Not to be missed!
