You are viewing an article that is not currently active

Raine & Horne Commercial Canberra lists award winning boutique hotel

September 14, 2023

Nestled in the heart of heritage-listed Gundaroo, a charming 19th-century riverside village located approximately 30 kilometres north of Canberra, lies an excellent opportunity for business owners or investors at 54 and 56 Cork Street. 

According to listing agent Mark Nicholls, Managing Director of Raine & Horne Commercial Canberra, the two properties are available for sale individually or in one line.

The well-renowned luxury boutique hotel, The Nest at Gundaroo, is central to the sale and is built on a block area of approximately 1,839 sqm. “Since its launch in December 2015, The Nest has risen to prominence as a premier destination for luxury, short-stay accommodations,” said Mark. “Its exceptional service, refined elegance, and exceptional guest reviews have earned it numerous accolades and high occupancy rates.”

In addition to The Nest at Gundaroo, the 2,244 sqm block at 56 Cork Street offers buyers or investors the opportunity to purchase a freehold property along with the thriving hotel business. 

Nestled at the front of the property stands the exquisitely restored and historically recognised ‘Clemenger's Cottage’, originating from 1887. Named after its inaugural proprietor - William Clemenger, Gundaroo’s inaugural Postmaster, the cottage is currently leased as part of The Nest and is a stopover for families heading to the Snowy Mountains or travelling between Melbourne, Sydney, and Brisbane. Many companies also book the cottage to house employees working in the region.

To the rear of Clemenger's Cottage is a large 360sqm (approx.) retail building that is currently set up as a combined Supermarket (IGA), Post Office, Liquor Store, and Takeaway. “54 Cork Street presents a chance to acquire the freehold property with an existing income stream from the IGA and Australia Post Office tenant,” said Mark. The building is currently leased to Gundaroo Grocer & Cork Street Cellars on a 5-year lease from 1 April 2019 - 31 March 2024, with a 5-year option period from 1 April 2024 - 31 March 2029. The tenant has advised that they wish to exercise the option, and this is currently in the process of being executed.

Mark stated, “As the Expression of Interest deadline of 5 pm on 21 September 2023 approaches, this is an opportune moment to seize a slice of the luxury hotel market close to Canberra and a flourishing business venture.”

For further information, including plans, leases, and hotel trading figures, or to arrange a private inspection, please contact Raine & Horne Commercial Canberra on 02 6236 9526.