FOR SALE
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583 Snowy Mountains Highway
Cooma NSW 2630

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Land area: 1.16ha
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Snowy Mountains Travellers Rest

JLL Hotels & Hospitality Group in conjunction with One Agency are thrilled to offer for sale the freehold going concern interest in the Snowy Mountains Travellers Rest, Pine Valley NSW.
The sale is a unique opportunity to acquire an iconic hospitality venue in the Snowy Mountains of NSW. Enjoying excellent highway exposure, the Travellers Rest is rich with history and is positioned 6km to the south-west of Cooma directly on the Snowy Mountains Highway.
The venue is being sold on behalf of husband-and-wife team, David and Angie Crawford, who have reinvigorated the venue with significant capital upgrades. An inspection of the property is a must, with the venue containing several buildings on a 1.16 Ha site.
The Travellers Rest has the potential to enjoy several income streams, including a fully licensed restaurant, modern back of house facilities and fully refurbished whiskey bar. The is also an on-site chapel, large function room and ‘bridal suite’. Accompanying the food and beverage components is an accommodation offering, with a modern 5-bedroom building providing suitors the option to enjoy accommodation revenue or to live on-site.
Viewing the buoyed hospitality market as an opportune time to sell, the Crawfords believe the venue is ready to be transferred to new owners in order to fulfill its entire potential. The Crawfords have engaged JLL Hotels & Hospitality brokers Greg Jeloudev and Nick Roche, along with One Agency’s Craig Schofield to offer the venue for sale via an Expressions of Interest campaign.
Mr Jeloudev notes, “The Snowy Mountains Travellers Rest is a fantastic opportunity to capitalise on the existing infrastructure to create a niche hospitality venue. This could be in the form of a dedicated wedding venue or focused food and beverage operation. The possibilities are plenty, with the property having several buildings on the site. An inspection will not disappoint.”
Pine Valley is positioned a short 5-minute drive south-west from Cooma. The location is truly picturesque and enjoys snow cover during the winter months.
The freehold going concern interest in the Snowy Mountain Travellers Rest is being offered for sale via Expressions of Interest closing Thursday 7 July at 4pm (AEST) unless sold prior.
To request a copy of the Information Memorandum please contact Craig at One Agency.

Property Details for 583 Snowy Mountains Hwy, Cooma

Building Type
Commercial
Land Size
1.16ha

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About Cooma 2630

The size of Cooma is approximately 97.8 square kilometres. It has 16 parks covering nearly 4.2% of total area. The population of Cooma in 2011 was 6,664 people. By 2016 the population was 6,681 showing a population growth of 0.3% in the area during that time. The predominant age group in Cooma is 50-59 years. Households in Cooma are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cooma work in a professional occupation. In 2011, 67.5% of the homes in Cooma were owner-occupied compared with 64.5% in 2016.

Cooma has 4,018 properties. Over the last 5 years, Houses in Cooma have seen a 85.11% increase in median value, while Units have seen a 33.21% increase. As at 31 August 2024:

  • The median value for Houses in Cooma is $511,677 while the median value for Units is $460,493.
  • Houses have a median rent of $500 while Units have a median rent of $320.
There are currently 51 properties listed for sale, and 21 properties listed for rent in Cooma on OnTheHouse. According to CoreLogic's data, 180 properties were sold in the past 12 months in Cooma.

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