Phone enquiries - please quote property ID 15393
THE BUSINESS:
Established for over 20 years
Average occupancy rate 58% (past 5yrs)
Average turnover $100k p.a.
5 fully self contained cedar cabins
No cooking
AAA Star rating
Great return custom
Potential to increase business income
This long established business is easily run by two people with an average of 20hrs per week, or could be managed by one, freeing up the other to take on external work should they wish. No Cooking involved as the cabins are fully self contained. The business is for sale WIWO. The cabins all have RC air conditioning and instant gas hot water and have unique positioning being located one block from main shops with highway frontage. The land is 2.25 acres (in two titles) and runs down to the River walk and Tumut River, adjoining Bila Park on one side and pastures on the other. With a fully established website, expansive client list and reservation systems in place, you will start earning income from day one.
THE HOUSE:
Solid brick Federation residence
Fully renovated
11’ ceilings
3 working fireplaces
RC Air conditioning
Gas Heating
Wide verandas
French doors
2 Queen bedrooms + attic
2 bathrooms
Provincial Kitchen with stone bench tops
Current owners have fully renovated this 120yr old home to a high standard, with new wiring & plumbing, floorcoverings, bathrooms, etc. There are two large queen sized bedrooms - one with open fireplace, attic, 2 bathrooms, lounge, kitchenette and huge provincial style kitchen/dining/family area with solid pine flooring & open fireplace. This is a substantial and comfortable home.
The floor plan allows for the front section of the residence to be closed off as a self contained apartment should you wish. You may choose live in the entire house, or you may choose to rent out the front as part of the accommodation business and have the back section (consisting of bedroom, attic, main bathroom, kitchen/family room and office) for your living quarters.
There is a fully fenced yard, laundry & carport.
THE LAND:
This unique 2.25 acre parcel of land sits right in town with Highway frontage, yet at the rear there are huge Elm trees and rolling grassed areas of river flats. The gardens are watered by the on site bore with water licence included in the sale. Bordered by Bila Park on one side & pastures on the other, there is a lovely 'out of town' feel to the grounds. Although currently just mostly grassed, the potential uses for the grounds are numerous.
POTENTIAL:
Although the current owners have been focussing on a life-style rather than increasing business, there is huge potential to expand if required, e.g. increasing the occupancy rates, using the grounds as a wedding ceremony site with accommodation packages, or developing the grounds to accommodate caravans/camping (zoning will allow this subject to council approval)
With the Snowy Mountains scheme planned expansion, the business is bound to benefit by way of an increase in occupancy throughout the investigation and contstruction phases of this huge project which will be ongoing for quite a few years.
THE TOWN:
Tumut valley is reknown for its scenic beauty and is popular with photographers, nature lovers and fishermen alike. At just 305m above sea level, Tumut sits on the western edge of the Snowy Mountains below the snow line and is half way between Sydney and Melbourne. The main industry in the town is Timber, with 2 mills and the Visy Paper Mill supporting the town. Snowy Hydro also has a prominent role in the town, and with planned extensions to the Paper Mill, and the Snowy Hydro scheme, the future is looking bright for this country town.
Tumut is a thriving country town of approx. 6,500 pop. with excellent amenities and activities - including Hospital, 3 primary Schools, High School, Tafe College, Doctors, Dentists, Sports fields (rugby, league, hockey,netball, cricket etc), Golf club, Bowling club, mountain biking, fly fishing, bushwalking, Canoeing, all types of water sports on Blowering dam, snow activities (at Selwyn). The town centre has both Coles & Woolworths supermarkets, Target, Reject shop, hardwares, clothing stores, furniture stores to name a few. With Wagga Wagga city an hour drive away, your shopping needs are easily met, and with direct flights to Melbourne, Sydney & Brisbane from the airport, everything you could need is accessible.
Just 1hr to Mt. Selwyn snowfields, 15mins to Blowering Dam, 1hr to wagga, 2hrs to Canberra and halfway between Sydney and Melbourne, this is truly a lovely place to live.
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