Lot 5 Pendergast Street, Khancoban, New South Wales
Queen's Cottage, Khancoban – Where the Murray & Snowy Mountains Lifestyle Meet
Expressions of Interest
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. Freehold going concern motel with deep heritage, built 1961 by the Snowy Mountains Authority, historically hosted royalty and senior dignitaries.
2. Prime elevated location above Khancoban, offering sweeping views and strong appeal to Snowy Mountains tourists.
3. Diverse accommodation mix ready for immediate occupation, comprising five 4-star studio apartments, two 3.5-star studios, and two self-contained two-bedroom cabins.
4. Luxurious two-bedroom owners residence with flexible floor plan, suitable for extended family use or conversion to additional guest accommodation to increase room count and revenue.
5. Large guest lounge, dining room and commercial kitchen configuration, enabling conferences, functions and an easy add-on restaurant opportunity.
6. High operational sustainability with a 62-panel solar system, plus guest access to a solar-heated salt water swim spa.
7. Significant land holding of approximately 5.5 acres with potential for subdivision into up to eight allotments (stca), creating development or saleable lot upside.
8. Three separate residential properties in town used for worker or group accommodation, generating strong cash flow and available for purchase alongside the main asset.
9. Flexible sale structure, available as a single line purchase or with component properties sold separately, easing investor entry options.
10. Location is a gateway to skiing, hiking, fishing and boating in the Snowy Mountains, supporting year-round visitation and seasonal peaks.
11. Potential inclusion of a separate lease entitlement to an aeroplane hangar, subject to approval, offering niche access or additional revenue opportunity.
