Price Reduced

A high-performing Freehold Going Concern in the heart of Cooma

A premium motel in the centre of Cooma, this Freehold Going Concern produces consistent revenue with exciting growth opportunities. Altair Motel boasts 13.7% ROI with mostly corporate trade, providing repeat customers and profitability. With 19 modern rooms, the motel offers rare contemporary accommodation in the heart of Cooma.

The twenty-four-seat restaurant with an entertaining deck presents a second revenue stream or motel expansion opportunities (STCA). Altair Motel lends itself to off-site management and keyless entry systems, providing additional revenue opportunities by converting the three-bedroom owner's residence (STCA).

  • Over 70% occupancy from mostly corporate trade
  • 13.7% ROI
  • 19 recently renovated rooms with a contemporary design
  • 2,024 sqm block with city views
  • Prime location in the centre of  Cooma
  • Motel expansion opportunities (STCA)
  • 24-seat licensed restaurant
  • Inspections strictly by appointment only
Listing Ref FH007738
Property Type Motel
Sale Type Freehold Going Concern
State NSW
Region Snowy Mountains
Suburb COOMA
Net Profit $466,817
Price $3,400,000
Enquire Now
Russell Rogers

Interested? Why not give Russell Rogers a call on 0416 166 909 or

LinkedIn | VCard | View Profile

Sarah Hutchins

Or... call Sarah Hutchins on 0407 020 443 or

LinkedIn | VCard | View Profile

Phone Enquire Now