Bathurst, New South Wales

MULTIPLE INCOME STREAMS WITH STRONG FUTURE BOOKINGS IN PLACE | Resort Brokers ID : LH008432

$2,000,000

Business Description

For the first time coming to market is a new 35-year lease to operate the event and accommodation business located on the world-renowned Mount Panorama in Bathurst Goldfields. This business has multiple income streams from a variety of guests as well as year-round future bookings already in place.

The business caters to corporate and leisure guests alike, school camps, conferences, and events such as year-round motorsport. If offers a newly built function space that seats up to 600 and includes a large commercial kitchen that caters to large groups from business, trade conferences, weddings, and more. Last financial year the business turned over $2,744,450 only traded for 10 months.

The new tenant has two months of trade they could add to this annual income. This new 35-year lease is being sold with an adjusted net profit of $791,724 + SAV for 2024 and is being sold for $2,000,000 with an annual rent of just $665,000.

This property, situated just three hours from Sydney and which only operates for 10 months has so much upside for incoming tenants - it can’t be missed. Please call one of our brokers now to discuss the massive potential of a business that is already performing well.

- Brand-new 35-year lease
- Rent based on current profit
- Net profit is generated in 10 months of the year
- Fantastic established staff who can continue to run it for the incoming purchase
- Modern 20-room Bathurst Goldfields Motel
- A fully renovated, luxury 6-bedroom, 4-bathroom residence
- 3 self-contained cabins (2 x one-bedroom, 1 x two-bedroom)
- 5 lodges providing dormitory accommodation
- Dining hall (seats 200) + fully licensed bar (10am – 3am daily)
- 195m2 auditorium with quality AV facilities (seats 200 theatre-style, 120-140 at tables)
- New 690m2 function room (adjoining existing auditorium) lifting capacity to 700 guests, with a new bar and large alfresco area
- Heritage barn wedding venue + multiple outdoor areas
- Inspection by appointment only
Date updated: 01 Oct 2024 01:00:08