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Motel Business Tumut For Sale

Tumut, New South Wales, Australia
Asking Price:
$349,000 (AUD)
Sales Revenue:
$278,000 (AUD)
Cash Flow:
$100K - $250K (AUD)

A very charming 10 room motel situated in the tourist town of Tumut is for long lease Single story, brick construction, parking in front of room, room service including breakfast, walking distance to restaurants & hotels. A combination of queen, double & family rooms. No restaurant
Attached is a very comfortable 2 bedroom residence & office
Tourist attractions include: My Selwyn snowfields, Yarrangobilly caves, Adelong Goldmine & waterfall, Blowering dam & scenic drives all within an hour’s drive. 105 km to Wagga Wagga & 35 km to Gundagai
Easily run by a couple with occasional casual staff
Financial reports are available to potential buyers upon signing a confidentiality agreement
Lease to May 2022 plus 4 x 5 year options
Asking: $379,000 (22 year lease)
Rental approx. $70,000 P.A. + GST + outgoings.

Property Information

Real Estate:

Lease

Lease Terms:

22 years

Leasehold Rent:

$70,000 (AUD) per annum

Living Accommodation:

Residence for proprietor Plus 10 guest rooms

Location:

On Snowy Mountains Highway in Tumut prop approx 7,000

Premises Details:

Street level motel with 10 guest rooms. Good modern design.

Business Operation

Expansion Potential:

Significant

Competition / Market:

Various

Years established:
1980s

Other Information

Support & training:

Provided

Contact Information

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