22 bedroom, double story, solid, double brick building. Originally built as nurses accommodation in the 1940's. This property has previously been used as a restaurant and guesthouse. Commercial kitchen with large dining area plus private dining room. Communal lounge rooms on each level. The main building has 5 showers and 8 toilets.
Adjoining residence contains 4 bedrooms, kitchenette and private bathroom.
Property is serviced by natural gas hot water, natural gas heating and reverse cycle split system air-conditioners.
Set on approximately 1 acre of gardens only a short walk to Cootamundra's CBD.
Excellent investment opportunity with a wide scope for commercial ventures. Coffee shop, restaurant, commercial kitchen and accommodation mean that this property is all set for a wide range of uses. Catered events, wedding receptions or Bed and Breakfast, this property can do it all.
There is a current lease in place until March 2023 with an option for a further 3 years. Investors will enjoy a rental return of $935 per week including GST. The current lease arrangement includes an annual CPI increase.
