Cobar, New South Wales
Huge Upside and Growth Opportunity with Options - 310ML
LEASEHOLD $2,250,000
Business Description
- 32 rooms (2 recently been added)
- Option to purchase the investment included in the lease
- Includes 4 x 3 bedroom freehold units on a separate title used as serviced apartments / long term stays
- Significant function and food area available and incorporated in the oppotumnity currently leased separately with options
- The owners have been operating the property under full management
- Two bedroom manager’s residence with private courtyard and parking.
- Separate self-catering kitchen for guest use.
- Reception area
- 80-seat restaurant
- Commercial kitchen
- Separate kitchen area was created for self-catering for long term stays or people who prefer not to have an extended period of Hotel Meals at the pub.
- Outdoor sports bar
- Bottle shop
- Onsite laundry
- Staff accommodation
- Conference/events centre
Annual Rent: $147,597.18 (plus GST) as of March 2024 with annual CPI adjustments
Initial Lease Term: 10 years commenced March 2021
Lease Options: 4 x 10 years (as of March 2025 there are 46 years remaining on the lease)
Net Profit: 2024/25 projected $772,360 (refer financials)
Aurelia Metals’s Federation mine, near Cobar expected to support 140 additional skilled jobs and provide an additional $143M investment boost.
NSW Minister for Natural resources stated 11th September 2024:
Federation will be the newest operating mine in the Cobar region, joining the CSA copper and silver mine, the Peak copper, gold, zinc and lead mine, and Tritton copper mine also in production. A fifth mine, the Endeavor silver, lead and zinc mine, is expected to restart production next year.
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 310ML (quote when enquiring)
Property Code: 5055
Business Summary
Key Investment Insights
1. The business for sale includes 32 rooms, with the potential to add more as 2 have recently been added.
2. The investment can be purchased as part of the lease, providing an opportunity for long-term growth and stability.
3. The property also includes 4 x 3 bedroom freehold units that are currently used as serviced apartments and long-term stays.
4. There is a significant function and food area available, which is currently leased separately with options for the new owner.
5. The property has been operating under full management by the current owners.
6. The manager's residence includes 2 bedrooms, a private courtyard, and parking.
7. There is a separate self-catering kitchen for guest use, providing added convenience for long-term stays.
8. The property features a reception area, 80-seat restaurant, and commercial kitchen.
9. A separate kitchen area is available for guests who prefer self-catering options.
10. Other amenities include an outdoor sports bar, bottle shop, onsite laundry, staff accommodation, and a conference/events center.
11. The annual rent is $147,597.18 (plus GST) with annual CPI adjustments, and there are 46 years remaining on the lease.
12. The projected net profit for 2024/25 is $772,360, as per the financials provided.
13. The nearby Aurelia Metals's Federation mine is expected to create 140 additional skilled jobs and provide a $143M investment boost, potentially increasing demand for accommodation in the area.
14. The Cobar region is home to several other operating mines, with a fifth mine expected to restart production next year, indicating a strong and growing local economy.
15. For further information or to arrange an inspection, interested parties can contact Michael Philpott from Tourism Brokers, quoting property ID 310ML.
