Huge Upside And Growth Opportunity With Options - 310ml
Cobar, New South Wales 2835
SOLD
Key Features
AI generated. Contact seller to confirm.
- 32 rooms, two recently added
- Four 3-bedroom freehold units
- 80-seat restaurant and commercial kitchen
- Conference/events centre on-site
- Two-bedroom manager’s residence
- Separate self-catering kitchen for guests
- Turnover: Not disclosed
- Net Profit: $772,360
- Rent/Lease: Lease in place, annual rent $147,597.18
- Stock Value: Included
- Established: Not disclosed
Business Details
Business Category Motel
- 32 rooms (2 recently been added)
- Option to purchase the investment included in the lease
- Includes 4 x 3 bedroom freehold units on a separate title used as serviced apartments / long term stays
- Significant function and food area available and incorporated in the oppotumnity currently leased separately with options
- The owners have been operating the property under full management
- Two bedroom manager’s residence with private courtyard and parking.
- Separate self-catering kitchen for guest use.
- Reception area
- 80-seat restaurant
- Commercial kitchen
- Separate kitchen area was created for self-catering for long term stays or people who prefer not to have an extended period of Hotel Meals at the pub.
- Outdoor sports bar
- Bottle shop
- Onsite laundry
- Staff accommodation
- Conference/events centre
Annual Rent: $147,597.18 (plus GST) as of March 2024 with annual CPI adjustments
Initial Lease Term: 10 years commenced March 2021
Lease Options: 4 x 10 years (as of March 2025 there are 46 years remaining on the lease)
Net Profit: 2024/25 projected $772,360 (refer financials)
Aurelia Metals’s Federation mine, near Cobar expected to support 140 additional skilled jobs and provide an additional $143M investment boost.
NSW Minister for Natural resources stated 11th September 2024:
Federation will be the newest operating mine in the Cobar region, joining the CSA copper and silver mine, the Peak copper, gold, zinc and lead mine, and Tritton copper mine also in production. A fifth mine, the Endeavor silver, lead and zinc mine, is expected to restart production next year.
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 310ML (quote when enquiring)
Property Code: 5055
- Option to purchase the investment included in the lease
- Includes 4 x 3 bedroom freehold units on a separate title used as serviced apartments / long term stays
- Significant function and food area available and incorporated in the oppotumnity currently leased separately with options
- The owners have been operating the property under full management
- Two bedroom manager’s residence with private courtyard and parking.
- Separate self-catering kitchen for guest use.
- Reception area
- 80-seat restaurant
- Commercial kitchen
- Separate kitchen area was created for self-catering for long term stays or people who prefer not to have an extended period of Hotel Meals at the pub.
- Outdoor sports bar
- Bottle shop
- Onsite laundry
- Staff accommodation
- Conference/events centre
Annual Rent: $147,597.18 (plus GST) as of March 2024 with annual CPI adjustments
Initial Lease Term: 10 years commenced March 2021
Lease Options: 4 x 10 years (as of March 2025 there are 46 years remaining on the lease)
Net Profit: 2024/25 projected $772,360 (refer financials)
Aurelia Metals’s Federation mine, near Cobar expected to support 140 additional skilled jobs and provide an additional $143M investment boost.
NSW Minister for Natural resources stated 11th September 2024:
Federation will be the newest operating mine in the Cobar region, joining the CSA copper and silver mine, the Peak copper, gold, zinc and lead mine, and Tritton copper mine also in production. A fifth mine, the Endeavor silver, lead and zinc mine, is expected to restart production next year.
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 310ML (quote when enquiring)
Property Code: 5055
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