Motel · Bathurst · LH008432

For the first time coming to market is a new 35-year lease to operate the event and accommodation business located on the world-renowned Mount Panorama in Bathurst Goldfields. This business has multiple income streams from a variety of guests as well as year-round future bookings already in place. The business caters to corporate and leisure guests alike, school camps, conferences, and events such as year-round motorsport. If offers a newly built function space that seats up to 600 and includes a large commercial kitchen that caters to large groups from business, trade conferences, weddings, and more. Last financial year the business turned over $2,744,450 only traded for 10 months. The new tenant has two months of trade they could add to this annual income. This new 35-year lease is being sold with an adjusted net profit of $791,724 + SAV for 2024 and is being sold for $2,000,000 with an annual rent of just $665,000. This property, situated just three hours from Sydney and which only operates for 10 months has so much upside for incoming tenants - it can’t be missed. Please call one of our brokers now to discuss the massive potential of a business that is already performing well.