Tumut, New South Wales
1696ML - New 25 year Lease and the Opportunity to Make $$$$
SOLD
Business Description
- Low rent ratio with rental year 1 of $70,000 with CPI increases.
- 150m to shopping centre, bowling club and RSL Club.
- 100 metres from the swimming pool.
- 2-minute walk from the main street, offering several clubs, cafes and restaurants. It is a 10-minute walk from the District Historical Society and the Pioneer Park and the Railway Station is 3 minutes..
Nestled in a beautiful valley 30 minutes from the Highway and within 2 hours of Canberra this centrally located 10-unit motel offers a comfortable 3.5 star standard.
Close to the Southern Ranges, popular fishing areas and many other tourism facilities this business also benefits from strong commercial enterprises involved in the timber industry
At the foothills of Kosciuszko National Park and the northern gateway to the Australian Alps, with ten well-presented rooms, all the comforts you would expect and is only a short stroll to the main street, pubs and clubs.
Net profit $106,090 for 2015/16
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1696ML (quote when enquiring)
Location: Tumut is located 423 km from Sydney and 180 km from Canberra via the Hume Highway. The main access to the town is via Gundagai with roads going through both Gocup and Brungle. The Tumut River, which runs for 145 km before joining the Murrumbidgee 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. Long term planting of softwood pine forest by the NSW Forestry Department has ensured a regular and reliable source of timber (unencumbered by any environmental problems) and this prosperity has seen the town become one of the most attractive medium-sized settlements in rural New South Wales. It is estimated that nearly 20% of the town's population now work either directly or indirectly in the forestry/timber industry.
Property Code: 2217
Business Summary
Key Investment Insights
1. Prime location with close proximity to popular tourist destinations and commercial enterprises.
2. Low rent ratio with potential for increased profits through CPI increases.
3. Strong net profit for the previous financial year.
4. Well-maintained and comfortable 3.5 star standard accommodation.
5. Potential for growth and development in the thriving timber industry.
6. Easy access to major highways and cities.
7. Beautiful natural surroundings and close to national parks.
8. Diverse range of activities and attractions in the surrounding area.
9. Established and successful business with potential for further success.
10. Opportunity for new owners to make a significant profit.
