Busy Freehold Hotel Plus Residence
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This excellent freehold hotel in Delegate, NSW, offers a sound investment and comfortable lifestyle, close to both the coast and the snow.
Delegate sits between the Snowy Mountains and the Sapphire Coast, two hours south of Canberra, therefore offering the best of all worlds. This historic town has a good range of shops and services, a country club with an 18-hole golf course, and two parks, one of which is just perfect for swimming, fishing and having a barbecue.
Built in 1926, the Delegate Hotel is well located on an established tourist route and offers a smart buyer an exceptionally solid business. The current owner has operated the business for 35 years, and the hotel has an excellent reputation for great food and friendly service.
Turning over between $850,000 and $1 million a year, the hotel is easy to run, with a single bar, and meals served at the counter or in the dining room. It is also cheaper to maintain, with low energy heaters in all rooms, low energy LED lights throughout, and solar hot water.
At a glance:
- 13 hotel rooms with shared facilities
- Private 3-bedroom owner's/manager's flat
- 8 casual staff, with key employee happy to stay on and run hotel
The Delegate Hotel is well supported by locals, but also enjoys consistent bookings from workers and groups, making it a solid investment opportunity.