Cooma, New South Wales

A unique opportunity to reinvent one of Cooma's historic treasures. | Resort Brokers ID : FH007795

$2,600,000

Business Description

On the market for the first time in 50 years, this Freehold Going Concern with unlimited upside potential is a true golden goose . This charming alpine getaway is conveniently located in the heart of Cooma, a picturesque travel destination that attracts year-round tourism. Bunkhouse Motel boasts 29 unique rooms wrapping around a delightful open air courtyard. The owner's residence is attached to the reception area, making this an ideal lifestyle opportunity. Currently only accepting bookings directly through the property's website, revenue could easily be enhanced by utilising third party booking websites. Bunkhouse Motel is ready for a savvy motelier to captalise on the property's exceptional reputation and established customer base. Currently a family owned and run business with a lifestyle focus, this property is seeking an enthusiastic new owner to reach its upside potential.

- A balance of self contained units and classic style motel rooms catering for a range of travelers
- Huge upside potential when running at full capacity
- Ground floor property in a prime CBD location
- Exciting opportunity to renovate and remarket as a 4 star motel
- Low maintenance corner property wrapped around a delightful courtyard
- Year round trade due to popularity with group bookings and bike enthusiasts
- Owner's residence has easy access to reception making it an exceptional lifestyle opportunity
- Property inspections are by appointment only
Date updated: 03 Dec 2023 22:00:09

Business Summary

Business Snapshot

Price: $2,600,000 Net Profit: $254,011

Marketing Agent

Russell Rogers

Sarah Hutchins

ResortBrokers

Key Investment Insights

1. The property is a Freehold Going Concern with unlimited potential for growth.
2. Located in the heart of Cooma, a popular tourist destination.
3. The property has been owned by the same family for 50 years.
4. The property boasts 29 unique rooms and a charming open-air courtyard.
5. The owner's residence is attached to the reception area, making it an ideal lifestyle opportunity.
6. Currently, the property only accepts bookings through its website, leaving potential for increased revenue through third-party booking websites.
7. The property has a strong reputation and established customer base.
8. There is potential to renovate and rebrand the property as a 4-star motel.
9. The property is low maintenance and situated in a prime CBD location.
10. The property attracts year-round trade due to its popularity with group bookings and bike enthusiasts.
11. Property inspections are by appointment only.
12. The asking price for the property is $2,600,000, with a net profit of $254,011.
13. The property offers a balance of self-contained units and classic style motel rooms, catering to a range of travelers.
14. There is potential for significant growth when running at full capacity.

ROI Estimate: 9.77%