Freehold single level brick motel for sale at the Snowy Mountains Highway entry to Tumut (pop approx. 6500) on an elevated site. Guests enjoy an enclosed pool area & BBQ area, a full dining room with additional function room, and very easy access for cars and also buses. Â Offers 30 generous ground floor units with plenty of parking. A very comfortable & large 3 bedroom 2 storey residence with separate kitchen is attached for the operators.
Tumut is a major tourism and regional centre, close to renowned Kosciuszko National Park and Blowering and Talbingo reservoirs. The town is strongly supported by the nearby Visy paper mill and a very well established plantation softwood timber industry.
A low maintenance property, this motel is owned by a fastidious couple who have made many improvements with a well- earned increase in new and repeat business.
A very sound investment assuring the owner of a very substantial return on the asking price, with significant long- term prospects.
Asking: $2.1M freehold + business as below.
Lease $500,000, base year rental $170,000 + GST + outgoings
Enquiries: Neville 0408 694132, Peter 0412 694069
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