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Zirky's Mt HothamZirkys Mt Hotham- Renowned throughout the Australian Alps as an iconic establishment and boutique hotel. Offered for private sale with expressions of interest closing 1st of September 2010 with current net rent of $521,676 pa with 3% increases pa until April 2015
The hotel comprises commercial facilities, hotel style accommodation and is attached to 28 privately owned apartments which are under a reservation and management agreement. Zirky's is located in the heart of Mt Hotham with the best ski in ski out position available The Zirknitzer family has held Zirky's for the past 40 years. Over the last 5 years they have sublet the property to Mt Hotham Skiing Company Hotels division. The property was awarded Best Alpine Accommodation in 2004 by the Hotels & Motels Association. The total land area is 1832 m2 upon which the commercial area and Zirky's Apartments are located. The area containing the commercial premises is 1755m2 and the privately owned apartments are around 2863m2. Access can be via the Mt Hotham Airport which located approximately 20 minutes (door to door) from Zirky's, or via the Hume Highway approximately 4.5 hours by car from Melbourne, or via Bairnsdale/Omeo approximately 5.5 hours by car. Access for Sydney patrons is via the Hume Highway from Albury. The following components that are offered for sale include: - Licensed public Bar/Bistro - approx capacity of 250 patrons - Licensed a la carte Restaurant - approx capacity 70 patrons - Extensive Kitchen and Bistro Areas - Sports Shop/Ski Boutique - Licensed Café/Coffee Shop - Approx 50 patrons - Reception, lobby area and common areas with associated bathroom amenities - Ski Hire/Ski Sales and repairs/Ski lockers - Five bedroom managers apartment - Large attic area - with potential redevelopment of further apartments - Managers Studio apartment - 4 guest bedrooms with ensuites - Staff Accommodation - Ample storage areas, wine cellar, keg rooms, cool rooms etc ADDITIONAL IMPROVEMENTS An additional improvement that further enhances Zirky's is the 28 apartment complex that forms part of the leasehold of Zirky's property. Each unit holder within the 28 apartment complex has an individual management agreement with Zirky's Management. The managed apartments provide a further bed base in excess of approximately people. The apartments were constructed in 1999 and cover 7 levels and are serviced by a lift (max capacity 17 people). During the construction of the residential apartments the whole of Zirky's was renovated and upgraded to its present standard. Zirkys is an outstanding acquisition for any investment portfolio and is a truly a unique opportunity to purchase this iconic business. Please contact us today for further information or to arrange an inspection |
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