ResortBrokers is delighted to exclusively present to market the accommodation letting business of Lake Crackenback Resort & Spa, to be offered under an expressions of interest campaign.
Offered to the market for the first time in 22 years, this is a rare opportunity to acquire an award-winning 4.5-star resort business in an imperishable tourist location.
This all-season destination draws hikers, nature lovers, and mountain bikers in summer and Snowsport enthusiasts in winter to Thredbo and Perisher snow resorts, both within close proximity. Lake Crackenback Resort & Spa's calibre and scale positions it to hugely benefit from visitation to the Kosciuszko region, which welcomes over 2.1 million holidaymakers a year.
This large integrated resort complex of 165 properties, with 110 units currently under the resort's management, has a capacity of 368 guests. The resort developer has a DA for another 16 lots, which, once built, will add to the resort's letting inventory.
- 110 properties under management: varies at times
- Total guest capacity: 368
- Franchise: Accor (Novotel) can be offered with or without branding
- Management Rights Tenure: 10 years perpetual agreement
- Caretaking: The grounds are maintained by a private contractor under supervision of the strata company
- Reception/Shop and Housekeeping building secured by a lease arrangement
- Inspections by appointment only
- Net Profit for sale purposes: 2 year average - $1,129,384
- Price Guide: $4m- $4.4m
- Offers to be submitted by 5pm on Friday 20th September 2024
