Coober Pedy Underground Motel, Leasehold
Motel
ActiveHospitality & TourismSouth AustraliaB2B & B2C
Asking price
$730,000
Disclosed · AUD
Revenue (est.)
~$837,182
Estimated · comparable listings of this type and size
Net Profit
$202,012
Implied multiple
3.6×
asking / earnings
Brief
- Consistent performance with average occupancy around 65%
- Brand new 25-year lease term (5-year term plus 4 x 5-year options)
- Located underground in an original opal mine in Coober Pedy, with opal visible in the walls
- Underground function and conference centre for up to 80 guests
- Additional income streams from a gift store and opal shop
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