59 Lambie Street, Cooma

Nestled in the heart of Cooma, 59-61 Lambie Street presents an extraordinary investment opportunity for discerning investors with an appreciation for heritage and potential. This magnificent, heritage-listed property, known as The Royal Hotel Cooma, stands proud with a history that dates back to 1858, offering a unique blend of traditional charm and modern functionality. Spanning an approx. 2000 square metres, this commercial property boasts 15 bedrooms, 5 bathrooms, and includes a delightful self-contained manager's cottage. The main building houses 13 well-appointed accommodation rooms, accompanied by 2 shared bathrooms and communal kitchen facilities, ideal for guests or staff. The Royal Hotel is not just a place of lodging; it is a fully-equipped hospitality venue, featuring a spacious restaurant with both indoor and outdoor seating areas where patrons can dine al fresco on the outdoor setting enjoying views of Cooma's bustling main street. A fully furnished, functioning bar has over the years invited locals and tourists alike to revel in the convivial atmosphere, while the well-appointed commercial kitchen stands ready to cater to a high volume of guests. The property's charm is palpable, with its early hipped roof, four ornate gables, and plain Georgian design, complemented by late Victorian cast iron balcony and veranda detailing. Not to mention the original features such as the rolled-iron roof and twelve-paned Georgian-style windows, which add to the historical allure of this landmark building. Part of the famed Lambie Street walkway, The Royal Hotel is strategically located at the intersection of Sharp and Lambie Streets, making it an integral component of the area's rich history. Current ownership comes with a license, allowing for a seamless transition for the new investor. With its rich past and promising future, this is more than just a property investment – it's an opportunity to own and revitalise a piece of Australian history, ensuring The Royal Hotel Cooma remains a cherished establishment for generations to come.