Multiple income streams with strong future bookings in place | Resort Brokers ID : FH008212
$12,750,000
Motel (Freehold) hospitality, Bathurst NSW
Situated on Mount Panorama in Bathurst the Bathurst Goldfields caters to a multiple different income streams.
Currently more than 22,000 students visit the site per year staying in the dorms available for school camps. The site provides students an experience in the gold rush period in colonial Australia. As well as catering to kids and camps the site has motel rooms to cater to five large annual motor sport activities on its door step.
The business has a function centre which is less than 10 years old with commercial kitchen catering to up to 700 guests for weddings, conferences, business and council meetings.
Situated close to Sydney and the heartland of tourism and sporting activities in the central west. The business has over $3m in place for future bookings and an a 12 month adjusted net profit of $1,505,226 in the past year.
- 11 hectares (approx.) of prime land on the slopes of Mt Panorama
- Modern 20-room Bathurst Goldfields Motel
- A fully renovated, luxury 6-bedroom, 4-bathroom residence
- 3 self-contained cabins (2 x one-bedroom, 1 x two-bedroom)
- 5 lodges providing dormitory accommodation
- Dining hall (seats 200) + fully licensed bar (10am– 3am daily)
- 195m2 auditorium with quality AV facilities (seats 200 theatre-style, 120-140 at tables)
- New 690m2 function room (adjoining existing auditorium) lifting capacity to 700 guests, with a new bar and large alfresco area
- Heritage barn wedding venue + multiple outdoor areas
- Inspection by appointment only
Date updated: 01 May 2024 01:00:05
More Information
- Total Purchase Price: $12,750,000
- Net Income: $ 0
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?