, Cooma NSW

For Sale



Description: Large corporate motor inn in prime location 4 hours from Sydney. Very well constructed building. Ideally suited for group trade as well.
AAA Rating: 3½ star

Construction: Concrete slab foundations with concrete block walls and wall partitions, and clip-lock iron roof. Medium sized units. All with ensuites. 6 x large 2 bedroom units. All recently upgraded. Very solid construction. Paintwork in good order.

Residence: 2 bedroom with built-ins, large living area, bathroom, private yard and double lockup garage. Suit couple or small family.

Age: Built 1963 approx.

Clientele: Reps, workers, tourists, sporting trade, fishing, group tours.

Land Area: 3½ acres

Tariffs: Single $120 - $150; Double $125 - $162; Extra person $20 - $25

Chain Affiliation: No

Lease: 27 year term. Rent $267,273

Laundry: Owned onsite. All linen done onsite.

Restaurant: 200 seat licensed restaurant, cocktail bar & lounge.

Services: Room service, pool, guest laundry, drying room, gas BBQ, function room, central heating, fire rated.

Turnover: $267,273 rental payment, CPI adjusted.

Occupancy: 48% approx.
Comment: Very large corporate and tourist complex. Present owners have done a lot to upgrade the property and business. Current tenant has been in the business for the past 3 years.

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