RARE FREEHOLD OPPORTUNITY - 1697MF

FREEHOLD $5,100,000

Quality Freehold Motel in strong rural location.
30 room brick and tile property in excellent condition.
Excellent presentation trading well.
Ideal highway location.
Repeat trade from corporates, tourists, workers.
High visitation centre.
Beautiful offering with high profit.
Significant internal area with dance floor, easily adapted for conferences, weddings and functions.
Recently $50M has been invested by the Government in the Tumut Hospital redevelopment and upgrade of the Ambulance station.
Significant increase in job vacancies in the area with an unemployment rate of 2.9%, below the NSW State Benchmark.
Tourism is growing in the area with 1,063 jobs supported in 2021.
7%+ growth year on year for forestry.
Demand for workers and contractors as well as service providers increasing.
Contact now to arrange inspection.

In the past it has been used for presentations to apprentices in the Snowy Hydro scheme as well as weddings. The property offers a significant upside to any potential operator and could easily be run under management. Ideal opportunity for a self-managed super fund investment / operation with separate entity option.

The Tumut area is around four hours' drive from Sydney and around two hours from Canberra. You can also fly into Wagga Wagga Airport. The Tumut River flows along the edge of the town; the plains spread out on either side of the river; and the foothills of the Snowy Mountains rise on all sides.

The town is remarkably prosperous largely due to the success of the timber industry. This prosperity has seen the town become one of the most attractive medium-sized settlements in rural New South Wales.

Net Profit: $664,024 for 2022/23

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1697MF

Price	FREEHOLD $5,100,000
Location	Tumut
Property ID	1697MF
Category	Motel

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TOURISM BROKERS CLIENT CONFIDENTIALITY AGREEMENT

IMPORTANT MESSAGE TO ALL PROSPECTIVE PURCHASERS AND LESSEES

If you are a genuine Prospective Purchaser or Lessee, and you would like to obtain additional information in respect of any listing ofTourism Brokers it is a requirement that you agree to this Confidentiality Agreement below in order to request information on a property. Tourism Brokers will respect the discreet nature of your enquiry, as we do for all our clients.

To: Tourism Brokers Pty Ltd & Tourism Brokers (QLD) Pty Ltd trading asTourism Brokers
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Having declared in general principle, that I/we have a genuine interest in Tourism Brokers listing/s, I/we now request that, in your capacity as broker for the Vendor, you supply us with a copy of a current “Information Memorandum” (the “Memorandum”) or similar, describing the requested listing/s in further detail. I/we undertake that the Memorandum or similar additional information, will be used for no purpose other than to assist me/us in determining whether I/we/our client wish to purchase or lease the said business/property listed. [note, if you are a professional adviser or similar acting on behalf of a client or some third party, you are required to nominate your client’s name below]. I/we agree that the Memorandum and any other information or material made available to us (written, verbal or otherwise) via Tourism Brokers or the Vendor or their Solicitors, will remain strictly confidential.

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a) The information and material will only be distributed on a “need to know basis” to me/us, our senior executives or directors of our company, and /or professional advisers and financiers to my/our company, and I/we shall take responsibility that all parties involved will be bound to and will adhere to the terms of this agreement.

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a) At the time of provision or disclosure, or subsequently (through no fault of me/us) becomes in the public domain.

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