Freehold Motel, Tumut NSW Ref. W. 632
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. 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. For investors, indicated Leasing figures are $670,000 premium and base year rental of $170,000 + GST
Asking: $2.1M freehold investment
$590,000 Lease premium $170,000. p.a. base year rental + GST
Enquiries: Neville 0408 694132, Peter 0412 694069
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