Lot 5 Pendergast Street, Khancoban, New South Wales
Queen's Cottage, Khancoban – Where the Murray & Snowy Mountains Lifestyle Meet
FHGC - $1,790,000 + SAV
Business Description
OWN A PIECE OF SNOWY MOUNTAINS HISTORY
Discover the legacy of luxury in the heart of the Snowy Mountains, nestled high above the picturesque village of Khancoban NSW, Queen's Cottage stands as an iconic freehold going concern. A thriving accommodation business built in 1961 by the Snowy Mountains Authority, it has hosted visiting dignitaries and once welcomed Her Majesty Queen Elizabeth II, the Duke of Edinburgh, Princess Anne, Governors General and Government Ministers.
This premier accommodation portfolio is a diverse line up of 7 high quality units ready for immediate occupation, plus 2 x two bedroom cabins (sleeping up to 6 guests), together with a luxurious owners residence on a large 5.5 acre (approx.) parcel of land that is ripe for further sub-division into eight allotments ranging in size from 1,045m2 – 6,460m2 (stca).
The accommodation units comprise five x 4-star studio apartments with breath taking views; two x 3.5-star studio apartments and two x self-contained two-bedroom cabins, perfect for large groups. Clients enjoy a large guest lounge, dining room and kitchen, perfect for conferences, functions and events and it provides a perfect opportunity for a restaurateur seeking to add food to the accommodation offering. The property also benefits from a 62 panel solar system and the guests have full use of the solar heated salt water swim spa. The luxurious two bedroom owners residence with large picture windows overlooking the stunning autumn vista, boasts a flexible floor plan layout ideal for an extended family stay or conversion to additional guest stay accommodation thereby increasing the room count and revenue potential.
The three separate residential properties situated in the town proper are ideal for worker/traveller/larger group accommodation either short term or longer stay and have been used in this capacity in recent years. They generate excellent cash flow and can be purchased as part of the Queens Cottage sale.
This accommodation portfolio opportunity is available to be purchased in one line or separately, with the three residential properties individually priced at market rates in addition to the asking price for the main property.
Khancoban is the gateway to world class outdoor adventures – skiing, hiking, fishing and boating in the Snowy Mountains region. Whether for lifestyle or business this opportunity is not to be missed!
*Sale may include a separate lease entitlement to an aeroplane hanger currently held by the vendor, subject to approval.
Business Summary
Other Features / Notes
A:FREEHOLD GOING CONCERN, B:MOTEL, C:NSW - Riverina & MurrayKey Investment Insights
1. Iconic freehold going concern with significant provenance, built in 1961 by the Snowy Mountains Authority and historically hosting royalty and senior dignitaries.
2. Premier accommodation portfolio on approximately 5.5 acres, comprising seven high-quality units plus two two-bedroom cabins, and a luxurious two‑bedroom owners residence.
3. Property offers immediate occupancy and established guest amenities, including a large guest lounge, dining room and commercial kitchen suitable for conferences, functions and events.
4. Opportunity to add on-site food and restaurant revenue, as the property is currently well configured for food service integration.
5. Accommodation mix includes five 4-star studio apartments, two 3.5-star studios and two self-contained two-bedroom cabins, allowing varied guest segmentation and higher average rates.
6. Owners residence features a flexible floor plan and large picture windows, enabling conversion to additional guest accommodation to increase room count and revenue potential.
7. Significant land development upside, with potential to subdivide into eight allotments ranging from 1,045m2 to 6,460m2, subject to council approval.
8. Sustainability and guest amenity benefits from a 62-panel solar system and a solar-heated salt water swim spa.
9. Three separate residential properties in town provide additional worker or group accommodation, strong cash flow and can be included in the sale or purchased separately.
10. Flexible sale structure, available to buy as one line or with components sold separately, providing purchaser flexibility.
11. Strategic location in Khancoban, positioned as a gateway to skiing, hiking, fishing and boating in the Snowy Mountains, supporting year-round tourism demand.
12. Sale may include a separate lease entitlement to an aeroplane hangar currently held by the vendor, subject to approval, adding potential access and revenue opportunity.
