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MULTIPLE INCOME STREAMS WITH STRONG FUTURE BOOKINGS IN PLACE | Resort Brokers ID : LH008432
$2,000,000
Motel (Leasehold) hospitality, Bathurst NSW
For the first time coming to market is a new 35-year lease to operate the event and accommodation business located on the world-renowned Mount Panorama in Bathurst Goldfields. This business has multiple income streams from a variety of guests as well as year-round future bookings already in place.
The business caters to corporate and leisure guests alike, school camps, conferences, and events such as year-round motorsport. If offers a newly built function space that seats up to 600 and includes a large commercial kitchen that caters to large groups from business, trade conferences, weddings, and more. Last financial year the business turned over $2,744,450 only traded for 10 months.
The new tenant has two months of trade they could add to this annual income. This new 35-year lease is being sold with an adjusted net profit of $791,724 + SAV for 2024 and is being sold for $2,000,000 with an annual rent of just $665,000.
This property, situated just three hours from Sydney and which only operates for 10 months has so much upside for incoming tenants - it cant be missed. Please call one of our brokers now to discuss the massive potential of a business that is already performing well.
- Brand-new 35-year lease
- Rent based on current profit
- Net profit is generated in 10 months of the year
- Fantastic established staff who can continue to runit for the incoming purchase
- Modern 20-room Bathurst Goldfields Motel
- A fully renovated, luxury 6-bedroom, 4-bathroom residence
- 3 self-contained cabins (2 x one-bedroom, 1 x two-bedroom)
- 5 lodges providing dormitory accommodation
- Dining hall (seats 200) + fully licensed bar (10am– 3am daily)
- 195m2 auditorium with quality AV facilities (seats 200 theatre-style, 120-140 at tables)
- New 690m2 function room (adjoining existing auditorium) lifting capacity to 700 guests, with a new bar and large alfresco area
- Heritage barn wedding venue + multiple outdoor areas
- Inspection by appointment only
Date updated: 19 Jan 2025 22:00:03
More Information
- Total Purchase Price: $2,000,000
- Net Income: $ 791,724
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?