Motel Leasehold For Sale - Snowy Mountains - Fully Refurbished

Description: 20 Year Lease. Newly refurbished guest rooms - modern and comfortable with stunning views over Lake Jindabyne. Very well maintained. Paint & furniture all in excellent condition.

Star Standard: 3.5 star

Construction: 2 level brick and tile construction with brick partitions. Building has been fully renovated throughout. 25 Motel Units plus 3BR Apartment.

Age: 30 Years Approx.

Clientele: Mix of tourism and corporate

Land Area: 2,683sqm approx.

Tariffs: Motel Rooms $126 to $320 Per Night; 3 BR Apartment $340 to $1,000 Per Night

Lease: 20 years

Rent: $180,000 Per Annum

Services: Restaurant seats 70+, Licensed, central heating, parking, games room, disability lift, guest lounge, wifi, full commercial kitchen, guest laundry

Turnover: 2022/23 $1,172,833.43; 21/22 $616,025.46

Comment: This property has a restaurant and bar with panoramic views over the Snowy Mountains and Lake Jindabyne and also offers wedding and function facilities through the non-snow season. 20 year lease term in an area that is becoming a very popular destination for holidays and short break travellers. Not to be missed!

MQ Property ID:
1P2706