Motel for sale or lease - 44 rooms 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 30 guest rooms, a 3 bedroom top floor apartment, large dining room, commercial kitchen, 2 spare rooms.  Of the 30 rooms there are  18 Deluxe rooms with a spa bath in each, and 12 standard budget rooms,  plus there is room for a  Tennis Court (its in the development approval) . Another 14 new rooms are just commencing construction, and are included in the price. New total will be 44 rooms, with another 24 that can be built to the approved , unexpiring, plan approval.. n otime limit to build. 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 ofoperation.  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 $3.6m  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 $600K Buy into lease, plus bank guarantee for rent each year .rent would be approx $250,000 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.  

For further information, and to view architectural plans, plus existing motel, contact

So it can either be

1. Owner operated or managed as a motel more, and boost the figures to around $30k per room per annum (nowhere near that now as mainly closed)

2. run / marketed.. leasehold..

3. developed to either complete the project to 69 rooms, and run it as a motel.

4. developed to convert to s/c units, strata title, and manage or sell..

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

0438 367887 ,  or write to PO Box 78 Jindabyne NSW 2627

Marty Koppe -  Proprietor.