Bathurst Heights B&B
The Offer
This is an opportunity to acquire a lovely and large house in a thriving and growing regional town located a short drive
from Sydney in an ideal elevated location overlooking the district with the added benefit of an easy income. The property is offered ‘as is’ with its furniture (except for a small number of personal items) to allow the continuation of the business without interruptions. Please contact us to obtain a comprehensive Information Memorandum and arrange an inspection.
The Property
The property sits high on a hill in a cul-de-sac street within a quiet residential area on 1126 sq m with great views of the town and the distant hills. The large three-level home was built in 1978 as a family home based on an award winning design with approx. 400 sqm of living space and 100 sqm of garage and storage space. The private grounds have well established and attractive gardens, including a fernery and a Japanese garden and the house is in excellent condition throughout.
The house is currently operating as a boutique 4-star rated bed and breakfast and comprises of 5 guest rooms with ensuites, 1 guest room with private bathroom and an owner’s suite comprising of large bedroom, lounge and ensuite. There is also a viewing deck and BBQ area, double garage and workshop, storage, dining room, lounge room, bathroom and laundry and a large kitchen. The six guest rooms are all well appointed to a high standard with elegant classic furnishings.
The Business
The business has been in successful operation since 2005 with the current owners in charge since October 2008. The business has a terrific reputation with excellent reviews and enjoys positive referrals and many repeat visitors. The business predominantly caters for women travellers, business travellers, wedding parties, small groups, residential school students and motor sport enthusiasts (bookings for major events such as the Bathurst 1000 occur up to 18 months in advance).
The business is currently run by a husband and wife team full time with some help from a casual employee in peak periods. It is an easy business to run with easy to host adult guests. However, the business is run as a lifestyle business and occupancy is kept at around 40% per year to keep the desired life/work balance with 6-8 weeks annual closure. Current turnover is $124K+.
The Location
The property is in Bathurst a major regional town located in the Central Tablelands of NSW, approximately 200 Kilometres west of Sydney on the western side of the Blue Mountains. It is the oldest inland settlement and where the first gold rush occurred in Australia. Today, Bathurst is a major tourist destination and its economy is broad based with a strong manufacturing industry, large education sector (including a major university campus) and government service sectors. It is the home of the internationally known racetrack Mount Panorama where a number of significant motor racing events are held throughout the year. During those events, the population swells with motor enthusiasts. Bathurst is also a destination for tourists interested in Australia’s gold history, convict past, genealogy, early Australian architecture and political history.
INSPECTIONS ARE STRICTLY BY APPOINTMENT.
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