Motel for sale or lease - Jindabyne NSW Australia

This motel is a unique opportunity for further development, and has a non -expiring development approval DA & BA approved for 69 rooms in total, and has at present 29 guest rooms, a 3 bedroom top floor apartment, large dining room, commercial kitchen, 2 spare rooms.  Of the 29 rooms there are  18 Deluxe rooms with a spa bath in each, and 11 standard budget rooms,  plus there is room for a  Tennis Court (its in the development approval) . This business has an existing client base and is well positioned to capitalise on future growth in the Alpine area. Summer is now starting to show signs of interest, as opposed to the traditional winter only types of operation.  This has enormous growth potential. Should bring in industry rates of approx $30-35,000 per room if run all year round ( present owner is only open part of the year and lives / works elsewhere) Total area of land   approx 6,000 sq. metres.

To get excited about this opportunity to lease this business , a visit to Jindabyne would be first priority.    Sale outright $2.6m  firm. Will consider finance on 50% deposit on outright purchase.  Can be strata titled and sell off 69 individual motel units for $199,000 each , plus the managers apartment and management rights  upon completion of project. 

Lease :  Will consider a lease on $800K plus bank guarantee for rent each year . rent would be approx $180,000 per annum.  Owner will pay bank guarantee fee if reasonable.   If leased, present owner would consider building more rooms for you  as required. 

Present owner has been there for 28 years, and has recently developed the overall strategy and planning, with a firm of architects.  Time to retire and  hand over to someone to take this business to the next level, as planned - and give someone else this great growth opportunity.  

To see details, photos of Alpine Resort Motel, map, then go to this site, click alpineholidays.com.au

For further information, and to view architectural plans, plus existing motel, contact 0438 367887 ,  or write to PO Box 78 Jindabyne NSW 2627

Marty Koppe -  Proprietor.