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Chris Tinning & Company
Country NSW hotel, motel & licence specialists
Wagga office 02 6971 0032
South West Slopes · Investment · Sold

Globe Hotel, Cootamundra

Cootamundra, New South Wales
$1,500,000 + SAV
Investment · Hotel
Globe Hotel, Cootamundra

THE GLOBE HOTEL COOTAMUNDRA

FOR FREEHOLD INVESTMENT SALE $1.5M +SAV

subject to existing property lease

SOLID TWO STOREY CORNER HOTEL

Current rental $120,000 + GST PA.

Accommodation Tenant $110,000 + Outgoings

Food tenant $10,000 + Outgoings

OPPORTUNITY to create and lease the ground floor hotel area.

Includes Hoteliers License

Located at the head of the Cootamundra main street; the Globe Hotel is a solid two storey hotel with awnings over the street fronts.

The Globe Hotel is currently being run as an accommodation only business. With 20 rooms (3 with ensuites) fully leased to a local employer providing a secure return. The residents currently use the hotel's kitchen and a large dining room downstairs.

Further rental is received from the Kebab van adjacent to the hotel building.

Still retaining its hotel licence the opportunity exists to take the underutilised downstairs area in many directions.

Cootamundra, nicknamed Coota, with a population nearing 6000, is a prosperous rural service town in the Southwest Slopes region of NSW, within the Riverina. Located on the Olympic Highway, just over an hour from the main centre of Wagga Wagga and its amenities. Its railway station is on the Main Southern line, part of the Melbourne-to-Sydney line.

To further explore this opportunity, call us today on 0417 252 199

The property

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Enquire about this property

Every enquiry is handled in confidence. Call the office or the mobile, or enquire online at the listing address, and we will come back to you within one business day.

Office02 6971 0032
Mobile0417 252 199
Onlinehotelbroker.com.au/listings/globe-hotel-cootamundra/
Chris Tinning & Company · 117 Byrnes Road, North Wagga NSW 2650 · ABN 41 100 375 559

This brochure is prepared from information supplied by the vendor and is presented in good faith as a guide only. Chris Tinning & Company does not guarantee its accuracy, and interested parties should rely on their own enquiries and professional advice.