Busy Freehold Hotel plus Residence

(no street name provided),Delegate NSW 2633

Freehold price: $790,000

BusinessSize: n/a
Whether you're seeking a successful family business, or an ideal self-managed super fund investment, you should take a look at this busy freehold hotel in Delegate.

Located between the Snowy Mountains and the Sapphire Coast, two hours south of Canberra, you'll enjoy easy access to both the coast and the snow.

The Delegate Hotel, built in 1926, occupies an excellent position on an established tourist route, reflected in a solid turnover between $850,000 and $1 million a year.

Comprises
- Excellent freehold investment
- Current owner has operated the business for 35 years
- Reputation for great food and friendly service
- 13 hotel rooms with shared facilities
- Easy to run hotel, with a single bar
- 4 poker machines, valued at $500,000
- Meals served at the counter or in the dining room
- Low energy heaters in all rooms
- Low energy LED lights throughout
- Solar hot water
- Private 3-bedroom owner/manager's flat
- 8 casual staff, with key employee happy to stay on and run hotel

Delegate is an historic town, with a good range of shops and services, a country club with an 18-hole golf course, and two parks.
The Delegate Hotel is well supported by locals, and also enjoys consistent bookings from workers and groups, making it a solid investment opportunity.

With the option of running the business yourself, or leaving a manager in place to do the hard yards, this is a solid investment that is sure to appeal to the savvy buyer.

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:Business
Stamp Duty:$30,982

Delegate Suburb Information

 
 
Average Age
51 years
Population
451
Delegate Profile
Delegate Occupancy

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Please send me information on (no street name provided), Delegate NSW 2633
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This listing has been viewed 29 times. It was first displayed on 03/08/16 and last updated on 24/11/16.