2545MF - Substantial Freehold, Multiple Income Streams
- 11 Ha on the iconic Conrod Straight Mt Panorama, Bathurst.
- 20 room Motel, 6 bedroom residence, self-contained cabins and dormitory lodges,
- Brand new $2m state of the art function centre, best in the Central West,
- Accredited school excursion destination 20,000+ students per year.
- Exceptional potential to grow excursion business with additional accommodation.
- Proven management and staff keen to remain.
This proven business has the benefit of multiple income streams and is largely resilient to fluctuations in economic activity due to the nature of the three interwoven businesses, accommodation, education and functions.
Future plans are even more exciting with the Federal, State and Local Governments committing to bringing a second world class motor sport circuit to Mt Panorama, to be known as Velocity Park.
This is a quality investment with significant future upside.
Net Profit: $998,959 as advised by owner for 2017/18
Contact Peter McHugh from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2545MF (quote when enquiring)
Location: The City of Bathurst is located on the central tablelands of New South Wales, around 207kms west of Sydney by road. Australia's first inland settlement has much to offer the visitor all year round from gold rush to colonial history, farm stays and outdoor activities, shopping and festivals, to the world-famous Mount Panorama.
Bathurst's main streets are a mixture of old and new, highlighted by the charming cast iron lamp posts adorning busy shopping centres. With a population of 30,663 Bathurst is one of Australia's fastest-growing regional centres. The raising of sheep, cattle and horses is still practiced on large land holdings near the city. However, education is now the largest single industry. Other contributions to the local economy are made by fruit and vegetable production, a vegetable cannery, a fish processing plant, a pet food processing plant, and government and community services.
The City of Bathurst is virtually synonymous with motor racing, known throughout the world because of its challenging and picturesque motor racing circuit which is one of the top three in the world.
Property Code: 2908
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -