Little more than an hour’s drive from Canberra on the way to the snowfields there is a remarkable property for sale that includes a home, a restaurant, a functions centre, a former micro-brewery, a flat, a chapel, a tennis court – and even an historic inn!
With the owner open to offers over $1 million, the property appears to offer strong potential for buyers or investors keen to build a multi-faceted hospitality business or to lease buildings out to individual but complementary businesses.
While no businesses are currently operating at the property, some were just a few months ago. Others such as the historic inn, called ‘The Traveller’s Rest’ haven’t operated for years but are steeped in charm and potential.
The property is located five kilometres north of Cooma at 583 Snowy Mountains Highway and comprises about 1.16 hectares with main road frontage.
“Although it requires some work to bring it back to its previous condition the hard work would pay off down the track,” said listing agent Craig Schofield of One Agency.
“With the announcement of the expansion to the Snowy Scheme this property could, with some hard work and forward thinking, be a gold mine for years to come.”
The property includes an architecturally-designed four-bedroom two-storey house with spacious rooms and high ceilings.
There is a conservatory, known as ‘The Atrium’ which recently operated as a restaurant and another building that was recently used as a functions centre for weddings, parties and celebrations.
Another big building on the property used to house a micro-brewery until recently when the business moved to Cooma (with its equipment).
The chapel is small – fitting only 20-30 people – but could be used for small weddings and is a drawcard in its own right.
There is also a one-bedroom flat that has the potential to be used for honeymoon accommodation or the like.
However, it is the old inn which seems to have particular appeal. Mr Schofield thinks it was built in the late 1800s or early 1900s.
“A real feature is the front building that was an original inn and you can feel the history as soon as you enter this area,” Mr Schofield said.
“The old bar is still in the front room and it could tell some stories.”
To find out more or to arrange an inspection of the property contact Mr Schofield on (02) 6452 6121 or 0414 865 922 or find out more details on the One Agency website by clicking here.