MULTI-AWARD WINNING UNDERGROUND MOTEL IN COOBER PEDY
COOBER PEDY, SA, SA
Description
MULTI-AWARD WINNING UNDERGROUND MOTEL IN COOBER PEDY Resortbrokers is delighted to bring to market a truly unique freehold going concern, offering 16 underground rooms in the heart of Central Australia. Featuring 16 rooms, this motel is a unique landmark, built within and around an original opal mine, with opal still visible in the walls. A favourite among both holidaymakers and corporate travellers, it also boasts the only underground function and conference room in Coober Pedy, accommodating up to 80 guests. Running at 65% occupancy, the motel caters to a diverse range of guests, offering multiple room configurations. There is a huge opportunity for expansion with nine additional underground rooms already carved out. Currently run under management, the property offers significant upside for hands-on operators looking to take full advantage of its potential An adjacent two-bedroom dugout owner’s residence enhances operational efficiency and lifestyle for the purchaser. Multi-award-winning underground motel in the heart of Coober Pedy Sixteen spacious ensuite rooms, including family and group configurations Only motel in Coober Pedy built within an original opal mine, with opal still in the walls Exclusive underground function and conference centre seating up to eighty guests Passive income from NRMA EV charging station Strong occupancy at 65% Simple operation, perfectly placed for owner operators Inspections are by appointment only
Financials
- Asking price
- $2,500,000
- Net profit
- $362,012
- Revenue
- —
- Profit multiple
- 6.91x
- Revenue multiple
- —
Agent
Kelli Crouch, 312872 RLA
Other listings of this property
These look like the same property advertised by a different broker.
| Name | Asking Price | Multiple | ||
|---|---|---|---|---|
| MULTI-AWARD WINNING UNDERGROUND MOTEL IN COOBER PEDY New this week+1 other listing | $730,000 | 3.61x | Source ↗ |
