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%