The freehold going concern of The Hangar House hotel at Mudgee, in New South Wales, is on the market through Savills Senior Hotels Executive, Nic Simarro.
The freehold going concern of The Hangar House hotel at Mudgee, in New South Wales, is on the market through Savills Senior Hotels Executive, Nic Simarro.
Located next to the Mudgee airport and 30 minutes from Sydney by plane, the property presents an exceptional opportunity to obtain the freehold going concern of a 5 star boutique hotel with its own private hangar.
The property comprises a total lettable area of 1,102 square metres with six luxurious rooms including lounge, dining and kitchen areas, a manager’s residence, a private hangar suitable for conferences and aircraft accommodation, and on-site parking on a 1,881 square metre allotment.
The property, which is within a short distance of Mudgee CBD, hospitals, schools, a shopping centre, provides simple access to Mudgee runway for a minimal fee.
Mr Simarro said the property offered strong cash flow with the potential to continue trading as a flight school or as a prestigious home with a private hangar. He said the immaculately presented property would require no capital expenditure.
“This is a one of a kind property which seldom comes to market and for that reason we are expecting a strong response from the market and especially from high net worth national and international investors.
“It will suit buyers looking to retain the current use and or those looking for a high-end Australian base with access to airport facilities,” Mr Simarro said.
He said the vendor, Observe Air Pty Ltd, declined to disclose an indication of price.
International Expressions of Interest close March 17 at 3pm.
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