Tumut, New South Wales
1697MF - RARE FREEHOLD OPPORTUNITY MASSIVE NET $593K HIGH ROI
SOLD
Business Description
- Benefiting from Snowy Hydro Two commencment.
- The five billion dollar project to benefit the region for years.
- Quality Freehold Motel in strong rural location.
- 30 room brick and tile property in excellent condition.
- Excellent presentation trading well.
- Ideal highway location.
- Repeat trade from corporates, tourists, workers.
- High visitation centre.
- Minimal disruption from COVID-19.
- Beautiful offering with high profit.
- Significant internal area with dance floor, easily adapted for conferences, weddings and functions.
- Spare housing block of land may be sold off (STCA).
- Contact now to arrange inspection.
In the past it has been used for presentations to apprentices in the Snowy Hydro scheme as well as weddings. The property offers a significant upside to any potential operator and could easily be run under management. Ideal opportunity for a self-managed super fund investment / operation with separate entity option.
Region demonstrating huge benefits from the commencement of the Snowy Hydro Two, a five billion dollar expansion to last between 5 and 10 years.
The Tumut area is around four hours' drive from Sydney and around two hours from Canberra. You can also fly into Wagga Wagga Airport. The Tumut River flows along the edge of the town; the plains spread out on either side of the river; and the foothills of the Snowy Mountains rise on all sides.
The town is remarkably prosperous largely due to the success of the timber industry. This prosperity has seen the town become one of the most attractive medium-sized settlements in rural New South Wales.
Net Profit: $592,738 for 2020/21
Contact Graham Matthews from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1697MF (quote when enquiring)
Property Code: 3793
Business Summary
Key Investment Insights
Key insights for this business for sale listing include:
1. The property is a rare freehold opportunity with a high net profit of $592,738 for 2020/21.
2. The region is set to benefit from the Snowy Hydro Two project, a five billion dollar expansion that will bring long-term benefits to the area.
3. The motel is a quality brick and tile property with 30 rooms in excellent condition and a high level of presentation.
4. Its ideal highway location attracts a steady stream of corporate, tourist, and worker clientele.
5. The property also benefits from a high visitation center, providing a steady flow of potential customers.
6. Despite the disruption caused by COVID-19, the business has shown minimal impact and continues to trade well.
7. The property offers potential for additional revenue streams, such as hosting conferences, weddings, and functions, with a significant internal area and a dance floor.
8. The spare housing block of land on the property could potentially be sold off (STCA), providing an additional source of income.
9. The Tumut area is a popular tourist destination, located around four hours' drive from Sydney and two hours from Canberra.
10. The town is known for its prosperity, largely due to the success of the timber industry, and is considered one of the most attractive rural settlements in New South Wales.
11. The property could be an ideal investment opportunity for a self-managed super fund, with the option to run the business under separate management.
12. Contact Graham Matthews from Tourism Brokers for further information or to arrange an inspection.
