Tumut, New South Wales
1353ML - Outstanding Leasehold Business, Top Quality
SOLD
Business Description
- Solid bricks and mortar in profile position.
- Primarily commercial clientele with increasing tourism in the area.
- Strong economic regional area.
- Home to major business enterprises.
- Solid cashflow for tenant and landlord.
- Central location in town and preferred repeat business.
- Quality with associated licensed restaurant.
- 35 year lease with 5 year options.
- Two hours from Canberra.
- Opportunity for further growth.
If you are interested in owning a top-quality accommodation, then your inspection today is highly recommended.
Net Profit $220,000 projected for 2018/19
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1353ML (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.
Property Code: 3133
Business Summary
Key Investment Insights
Key Insights:
1. Strong Commercial Clientele: The business primarily caters to commercial clients, which provides a stable and reliable source of income.
2. Increasing Tourism: With the increasing tourism in the area, there is potential for the business to expand its customer base and increase profits.
3. Strong Economic Regional Area: The business is located in a strong economic regional area, which provides a stable and supportive environment for business growth.
4. Home to Major Business Enterprises: The town is home to major business enterprises, which can potentially provide additional business opportunities for the accommodation business.
5. Solid Cashflow: The business has a solid cashflow for both the tenant and landlord, providing stability and security for both parties.
6. Central Location: The business is located in a central position in town, making it easily accessible for customers and preferred for repeat business.
7. Quality Accommodation: The business offers top-quality accommodation, which is a key factor for attracting and retaining customers.
8. Long Lease: The business has a 35-year lease with 5-year options, providing long-term stability and potential for growth.
9. Proximity to Major Cities: The business is located only two hours from Canberra, providing easy access to a major city for potential customers.
10. Opportunity for Growth: There is potential for further growth and expansion of the business, making it an attractive investment opportunity.
11. Projected Net Profit: The projected net profit for 2018/19 is $220,000, indicating a strong and profitable business.
12. Attractive Location: Tumut is a picturesque town located in a scenic and prosperous region, making it an attractive location for tourists and potential customers.
13. Strong Timber Industry: The town's strong timber industry provides a reliable source of income and contributes to the overall prosperity of the area.
14. Stable and Supportive Environment: The town's stable and supportive environment provides a favorable setting for business success.
15. Established Plantation: The business benefits
