Tumut Motel and the Snowy Hydro 2, a great outlook.
Snowy 2.0 will link the two existing reservoirs of Tantangara and Talbingo through underground tunnels and there will be an underground power station in between with pumping capabilities. The project will involve underground excavation and tunnelling works between Tantangara and Talbingo reservoirs to depths of up to 1 kilometre. It will also involve surface works in several locations including at the intake-outlet structures, surge shaft, cable and ventilation portal sites.
Current approx - NET income of approx $370,000 !
Current - Occupancy has been at approx 60% average.
Tumut Region is picturesque in every season. You cant buy better ! Put a manager in at $80,000 per annum.
Crisp, cold mountain air in winter, lush and green in spring, cool clean waterways in summer and of course the blaze of colour in autumn. There’s plenty to do in the Tumut Region for the tourists. Whether they prefer high energy or low key leisure activities there's something to suit every taste. Visitors come to relax, some looking to reconnect with their families. They Drag the kids away from the video games and computers and bring their families to the beautiful panoramic vistas and clear fresh waterways, to enjoy a holiday that won't cost the earth.
Incorporating the townships of Adelong, Batlow, Talbingo, Tumut and Cabramurra, and the village of Brungle, the Tumut Region has a wealth of activities that attract many visitors with their budget and lifestyle. This Motel gets very busy in Winter with Mount Selwyn snow resort an hour’s drive away.
October is also a huge month every year due to the company – Visy paper and pulp mill having their annual shutdown for maintenance and the town gets flooded with tradesman.
The motel is located on approx. 4 acres of land, with 30 large units and a nice 3 bedroom residence for the owner/managers. The Motel offers a Continental breakfast as a service to the visitors. This is simple to run and attracts many happy revisits. There is also facilities of a restaurant and great conference facilities.
Some smart online/social media marketing would further add to the growth of this Motel.
Purchasers are expected to do their own due diligence on the future of the Motel and the Snowy Hydro 2 scheme.
Asking price is $ 2,598,000. Vendors are keen to do a fair deal to serious buyers.
Quote: MSA 5019 – Motel Sales Australia and call Michael Keltie NOW, or submit an enquiry.
Phone enquiries - please quote property ID 19336