Quality Freehold Motel In The Blue Mountains - Well Established Business

* SOLD by Tourism Property *


A genuine money maker on Sydney's doorstep.

- 24 large fully renovated rooms
- Lovely pool and BBQ area
- Rated #1 of 15 hotels on TripAdvisor

Tourism Property is proud to exclusively offer the FREEHOLD interest in the iconic Sky Rider Motor Inn, Katoomba.

Tourism opportunities in the Blue Mountains are extremely rare - don't hesitate.

Located just 45 minutes from Western Sydney and business is booming again !


Summary

- 24 spacious motel rooms; ALL with RENOVATED ENSUITES

- Restaurant with fireplace, conference room, inground pool & BBQ area

- Immaculate presentation, an absolute credit to the long term owners

- Extremely strong trading history, one of the least Covid affected motels we’ve seen and as 2022 rolls around, business is back to booming again.


Location

-“Easy find” location, short distance from Katoomba CBD and Scenic World

- Convenient access to all Blue Mountains major attractions

- Less than 1 hour to the new Western Sydney International Airport (coming soon)


The Sky Rider Motor Inn is a classic and iconic FREEHOLD motel in Katoomba, the capital of the World Heritage Listed Blue Mountains.

The product of more than 20 years hard work, this quality motel is the epitome of a well established business. This is one of the best presented regional motels you'll find, with all 24 rooms renovated - including all ensuites. The new owner will walk straight in and continue this profitable and proven business, knowing that the guest rooms will "stay current" for many years to come.

Just 45 minutes from Western Sydney and after the wild ride of Covid-19, business is back to booming again.


What do customers think of Sky Rider?

• #1 of 15 hotels in Katoomba according to TripAdvisor, a list that includes the 5 star Lilianfels Resort
• 90%+ of TripAdvisor reviews are “Excellent or Very Good”
• Booking.com overall score of 8.9 Fabulous


Property Details

The 24 guest rooms and suites present extremely well. The single storey block and metal roof building is very well maintained. All guest rooms have undergone full renovations, with new bathrooms, Air Conditioning and furnishings throughout - genuinely nothing to spend.

The manager’s residence is a spacious 3 bedrooms with a large private yard.

A very well presented reception area and a good sized dining room with commercial kitchen - currently just used for breakfast, but ready to step up to full restaurant if you desire.

Ample parking, along with a lovely inground swimming pool and BBQ area complete the picture.


Financials

FY17 to FY21 average annual revenue above $650,000
Qualified buyers will have access to an extensive range of financial and operational reports, including accountant prepared Profit & Loss statements.

The income scale is well and truly sufficient to support a leasing structure (see Opportunities below).


Opportunities

• Re-open the restaurant and commercial kitchen
• Lease the property (30 years) to achieve an immediate passive investment - we have experienced motel tenants waiting
• Take residence yourself and continue this easy to run business
• Engage managers to live onsite and enjoy a solid profit


Sky Rider Motor Inn is offered for genuine sale after a 20+ year labour of love.


A detailed information memorandum has been prepared for Sky Rider Motor Inn and will be provided to qualified purchasers. Click through to the Tourism Property website below to download .


Please call exclusive agent Graeme Sutherland at Tourism Property to discuss your next move.


Inspections are ONLY available when accompanied by the agent and require a minimum of 48 hours notice - please call to discuss your interest and purchasing credentials.