Guide $1,400,000 - $1,500,000

213 Sharp Street Cooma, NSW 2630

161414

Live and Work in the Snowy Mountains Region

Set in a prime location in the busy tourist hub of Cooma, this well-maintained motel offers a tremendous opportunity for those looking for a profitable business opportunity. Cooma is currently experiencing huge growth from infrastructure projects such as the Snowy 2.0 project and several other projects currently underway. Because of this accommodation is very scarce for tourists and workers on these projects. With the works planned for several years it offers fantastic opportunities with exposure to thousands of vehicles passing it daily.
The property is offered freehold with 13 units and a generous 2 storey, 3-bedroom residence on approx. half an acre site on the main road to the snowfields.
Cooma is the gateway to the Snowy Mountains and the area offers tremendous attractions for tourists all year round. From skiing in the winter to access to the fresh mountain lakes for summer fishing not to forget the high-country hiking and mountain bike trails all over the high country.
It is currently owner-operated and can be run by a family with low overheads.
The property is zoned R1 Residential on 2 titles. With the demand in the current climate, it has the potential as a long-term rental.
Commercial kitchen, parking spots for all units, laundry, and plenty of storage are some of the extras.
The Alkira Motel provides for both investors and/or owner-occupiers to acquire an asset with an income stream, as well as an opportunity for enormous flexibility and diversification.

Key details

  • Property Type Block of Units
  • Block Size 2181 sqm
  • Date Listed 28-11-2020