CB1283 - Business For Sale - Accommodation Tourism Freehold motel in Cooma area netts $5405 p.w. - Snowy Mountains Nsw .

Motel - Freehold - Development - Snowy Mountains
SBX Business 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.

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.

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.

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

Trading Hours
As required.

Lease
Freehold.

Employees
1 owner + 1 Manager + 2 casuals.

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. - Income GST inclusive. - Subdivision area is 6000 sq.mts. and has all town services connected. Hydro electric scheme upside
Figures
Weekly Sales $7000
Rent (ex GST) $0
Wages $0
Profit $6505

SBX Business Code: CB1283

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