Cobar, New South Wales
Huge Upside and Growth Opportunity with Options - 310ML
SOLD
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 has a significant growth potential and offers a range of options for the buyer to explore.
2. The property includes 32 rooms, with 2 recently added, and the option to purchase the investment included in the lease.
3. The property also includes 4 x 3 bedroom freehold units used as serviced apartments/long term stays, providing additional income opportunities.
4. The business currently has a separate function and food area, which is leased separately with options, providing additional revenue streams.
5. The property has been successfully operated under full management by the current owners.
6. The manager's residence is a two-bedroom unit with a private courtyard and parking, providing comfortable living for the owners.
7. The property has a reception area, 80-seat restaurant, commercial kitchen, and separate self-catering kitchen for guest use.
8. The outdoor sports bar, bottle shop, onsite laundry, staff accommodation, and conference/events center add to the overall appeal of the property.
9. The annual rent is set to increase with annual CPI adjustments, providing a stable and predictable income for the buyer.
10. The initial lease term is for 10 years, with options to extend for an additional 40 years, providing long-term security for the buyer.
11. The projected net profit for 2024/25 is $772,360, as per the financials provided.
12. The property is located in close proximity to the Aurelia Metals' Federation mine, which is expected to create 140 additional skilled jobs and provide a $143M investment boost.
13. The Cobar region has several operating mines, with a fifth mine expected to restart production next year, indicating a stable and growing economy.
14. Interested buyers can contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
15. The property has a unique Property ID (310ML) and a Property Code (5055) for easy identification and reference.
