237 Sharp Street, Cooma, NSW, 2630
This Cooma property is located 4.5 hours from Sydney and is the gateway to the Snowy Mountains. This established motel, villa and apartment complex comprises of 25 units on just over 3 acres of land.
The motel has recently undergone extensive refurbishments of all the 2/3 bedroom villas. All with new kitchens, bathrooms and lock-up garages.
There are fixed leases in place for all 7 villas.
This property represents as a very attractive investment and has significant development opportunity.
This property comprises of the following:
- 14 motel rooms (1 Bedroom | 1 Bathroom | A/C)
- 7 villas (2 Bedrooms |2 Bathrooms | Kitchen | Garage | A/C)
- 4 apartments (3 Bedroom | 2 Bathroom | Kitchen | Carport | A/C)
- Reception area
- Excess land for development
Additional property information:
- Land area: 14,000sqm (approx.)
- 120 Meter frontage
- Existing DA approval for 8 x 2 bedroom units
- 6,000sqm of vacant land to develop (approx.)
- High tenancy rates
- Income $500,000 approx (this does not include the high season rate increases)
For Sale via Private Treaty
Please contact Steven Kruyer - Mobile 0414 404 070