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Motel - Freehold - Development - Well established

Business for Sale
Motel - Freehold - Development - Well established
NSW

Motel - Freehold - Development - Snowy Mountains - Agent SBX Code Number: CB1283 Freehold motel with 22 units consisting of 4 x 3 bedroom villas, 5 x 2 bedroom villas, 2 x 2 bedroom apartments...

Price $4,750,000.00

Motel - Freehold - Development - Well established

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Motel - Freehold - Development - Snowy Mountains - Agent SBX Code Number: CB1283



Freehold motel with 22 units consisting of 4 x 3 bedroom villas, 5 x 2 bedroom villas, 2 x 2 bedroom apartments and 11 motel units. - 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. -Room service breakfast is available. - Villas and apartments are suitable for short and long term stay, with motel units to undergo upgrade suitable for extended stays.



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. 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

2 owners + 4 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. - Booking engine commissions not included. - Income GST inclusive. - Subdivision area is 6000sqm and has all town services connected.



Agent SBX Code Number: CB1283 - Sydney Business Exchange

Contact Seller

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SBX Business Brokers
P: 02 9439 4403

Bsale ID: 137969
SBX ID: CB1283




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