SOLD - Cooee Motel 2396

EXCLUSIVE TO CRE BROKERS. CRE Brokers are pleased to be appointed as the exclusive selling agents for the sale of Cooee Motel, Gilgandra NSW, as a Freehold Going Concern.

This is an outstanding quality 12 room Motel located in Gilgandra and only approx. 25 minutes from Dubbo, the heart of the central west. The Motel is conveniently located with high exposure to the Newell Highway and with easy vehicle access and off-street parking. This Motel offers the savvy buyer a high earning enterprise.

Revenue Growth: Achieve revenue growth in the coming years via items such as:
. increasing room tariffs (currently low comparative to direct competitors)
. Increasing occupancy (due to ill-health, the owners regularly close off rooms, selling only 5 or 6)
. increase regional tourism backed by Tourism NSW, mining activity, agriculture, rail a road workers, interstate travellers

Additional Accommodation Opportunity: With the land size approx. 2.1 hectares, the current owners had planned to add an additional 6 rooms (minimum) to the Motel supported by local government.