A premium motel in the centre of Cooma, this Freehold Going Concern produces consistent revenue with exciting growth opportunities. Altair Motel boasts 13.7% ROI with mostly corporate trade, providing repeat customers and profitability. With 19 modern rooms, the motel offers rare contemporary accommodation in the heart of Cooma.
The twenty-four-seat restaurant with an entertaining deck presents a second revenue stream or motel expansion opportunities (STCA). Altair Motel lends itself to off-site management and keyless entry systems, providing additional revenue opportunities by converting the three-bedroom owner's residence (STCA).
- Over 70% occupancy from mostly corporate trade
- 13.7% ROI
- 19 recently renovated rooms with a contemporary design
- 2,024 sqm block with city views
- Prime location in the centre of Cooma
- Motel expansion opportunities (STCA)
- 24-seat licensed restaurant
- Inspections strictly by appointment only
