Business Code:
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Sale Reason
1970
Established
No parking data
Parking
Real Estate Agency with Property Managing contract, and tradesmen and labour as required.
Employees
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Trading Hours
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Lease
Freehold accommodation complex, formerly operating as a motel, now utilising the accommodation units on long-term lease agreements. The accommodation is presented as a mix of 2 x 3 bedroom detached villas and 7 x 2 bedroom detached villas. A separate two level building houses accommodation consisting of 2 x studio apartments and 7 x 2 bedroom apartments on ground floor, with 2 x 2 bedroom apartments on upper floor. All villas have lock-up garages and hot water is supplied by separate units. A large separate building was previously used as reception and 200 seat restaurant , and is now utilised for private use. The site is freehold, in 4 lots, and covers 13930 sqm and has all town services connected, including water and sewerage, with zoning R1 – General Residential. The majority of leases are 1 year.
Features
Excellent location, with frontage to main road, and only 1.5 km from Cooma CBD.- The business model assures a steady long term income with minimal expenses and labour costs.- The property is managed by a Real Estate Property manager.- Strong demand for accommodation with Snowy Hydro 2 a long term project.- A 6,000 sqm portion of the site, on separate lot, is not utilised, and with an 60m frontage to the main road presents as a possible development project with medium density accommodation.
Potential
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Comments
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