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. Iconic freehold going concern with strong provenance, built in 1961 by the Snowy Mountains Authority and historically hosting royalty and high profile dignitaries.
2. Immediate income producing accommodation portfolio comprising seven high quality units plus two two‑bedroom cabins, and additional revenue potential from an existing owners residence.
3. Clear product mix and standards, including five 4‑star studio apartments, two 3.5‑star studio apartments, and two self contained two‑bedroom cabins suitable for groups.
4. Communal facilities include a large guest lounge, dining room and commercial scale kitchen, supporting conferences, functions and events.
5. Ready opportunity to add food and beverage income, attractive for restaurateurs seeking to vertically integrate accommodation and dining.
6. Owners residence is luxurious with flexible layout and large picture windows, convertible to additional guest accommodation to increase room count and revenue.
7. Large 5.5 acre (approx.) landholding with approved or potential sub‑division into eight allotments ranging from 1,045m2 to 6,460m2, subject to council approval.
8. Sustainability and guest amenity features include a 62 panel solar system and a solar heated salt water swim spa available to guests.
9. Three separate residential properties in town currently used for worker, traveller or group accommodation, generating excellent cash flow and available for purchase with the main asset.
10. Flexible sale structure, available to purchase as one line or with components sold separately, with the three town residences individually priced in addition to the main asking price.
11. Strategic location in Khancoban, promoted as the gateway to world class outdoor recreation including skiing, hiking, fishing and boating, supporting strong seasonal and lifestyle demand.
12. Possible inclusion of a separate lease entitlement to an aeroplane hangar, subject to vendor approval and relevant approvals.
