New to the market is the stunning rural property at 209 Martins Road, Rydal. The freehold is for sale along with its two well-established businesses, the holiday accommodation business ‘Seclusions Blue Mountains’ and the thriving do-it-yourself wedding venue ‘Weddings at Seclusions.’ The going-concern opportunity is inclusive of the furnishings, a long list of plant and equipment, two modern websites and the reputable business names.
The picturesque property has a total area of approx. 20 acres and comprises of six detached studio cabins with a paved guest pool area and an all-weather tennis court, an owner’s residence incorporating a reception area, inground pool, covered parking, and two detached amenities building. There are also substantial wedding venue facilities including a graceful rustic Barn with an adjoining caterer’s kitchen and storeroom, a large heated Pavilion, a finely crafted vintage caravan bar, and an outdoor wedding ceremony area with fantastic views towards Lake Lyell.
The romantic, 4 star rated cabins are specifically designed for the comfort of couples. Each of the cozy cabins has a spacious tiled bathroom with a shower-over-spa, a kitchenette, gas log fire, reverse cycle air-conditioning, BBQ facilities, and a comfortable king-size bed. They are sited on the elevated part of the property providing guests with an attractive outlook while providing complete privacy.
The main residence offers comfortable accommodation over two levels that include four bedrooms, a spacious living area with a wood heater, a delightful sun room, and a covered timber deck area for effortless entertaining. Attached to the residence’s laundry is a heritage bakery, built around 1868, that has been modernized and complemented with modern conveniences. It includes an open fireplace, a kitchen with a pizza oven and a fully tiled bathroom. It is the perfect base for the wedding party to prepare for their big day and for the vendors to conduct interviews.
The young wedding venue facilities are sure to impress any prospective bride and groom with everything on site for that special day with family and friends. The amphitheatre-style ceremony area provides a stunning backdrop for a couple to make their vows while the nearby timber and corrugated iron structures provide all-weather reception space for up to 150 guests. The nearby bar, the caterer’s kitchen and BBQ area complete the package for a personalized and memorable DYI wedding.
Seclusions Blue Mountains was established in the year 2000. The current vendors purchased it in 2007 and had made significant upgrades and progressive improvements to the property since acquisition. In early 2014, the vendors added the ceremony area and the barn along with significant landscaping and started a unique wedding business. In early 2016, with the demand for the venue escalating, the vendors added the Pavilion and had since added further features to their wedding inclusions, cementing the strong appeal of their offer.
The cabins and the wedding venue businesses have built a great reputation, earning numerous excellent reviews on social media fuelling cabin occupancy and wedding bookings. In fact, forward wedding bookings are phenomenal with 45 weddings booked for the calendar year 2018.
A husband and wife team currently run the business with casual help when needed. They enjoy an enviable lifestyle with easy to moderate level of duties.
The short break accommodation business is simple to run with most of the laundry work outsourced to a commercial laundry. The cottages are easily accessed for cleaning, and the is no cooking involved other than easy hamper preparation.
Weddings occur mostly on the weekends with access to the property starting from 10 am Friday until 11 am on Sunday. Apart from supervising the setting up of each wedding, there is no contracted involvement by the owners or requirement to employ staff as the responsibilities for the catering rests with the hirer of the venue.
Turnover has increased year on year from a stable cost base. Today, the business is robust and is on track to produce an adjusted net profit of approx. $243k in FY 2016-2017 with approx. $342k projected for FY2017-2018 based on paid-up bookings.
The property is close to the village of Rydal on the western edge of the Blue Mountains and is approx. 9 kilometers from the city of Lithgow and approx 160km west of Sydney CBD. The popular tourist attractions of Jenolan Caves, Kanangra Falls, Zig Zag Railway, the Small Arms Factory Museum and Mount Panorama are all within a short driving distance. The well-known attractions of the blue mountains and the wine regions of Mudgee and surrounds are also nearby.
The property is in a tranquil rural setting offering a very pleasant living environment. Its surrounding area comprises of a pine plantation (recently harvested), hobby farms and rural land. The nearby Lake Lyell is a well known local tourist attraction with picnic and camping areas.
Seclusions is a special property with unique characteristics and a compelling offer for guests as well as owners. The wedding business is booming following the completion of all the required facilities. The buyer can expect a large deposit at settlement from the forward bookings ensuring that cash flow is strong from day one. An efficient process is in place and replicating the success would be easy.
In addition to the healthy income, the lifestyle on offer is attractive. The main residence is comfortable and can easily accommodate family and friends when they visit.
There is the opportunity to add a special cabin for the newly-weds on the property near the ceremony area in a perfect spot as well as the opportunity to build a new home on a terrific site on the top of the hill among mature pine trees if desired.
Sydney is a short drive away, and nearby Lithgow offers all the amenities and shopping that the buyer may require. The owners can enjoy the serenity of nature while being 20 minutes away from the town center.
This opportunity is well suited for a husband and wife team or for two families happy to share the effort and the rewards. Contact us for a detailed Information Memorandum and to arrange an inspection (strictly by appointment).
209 Martins Road, Rydal NSW
Company Director, Accommodation Properties P/L
Alex Omran is a licenced Real Estate Agent and Business Broker with many years of commercial experience. After completing a Bachelor of Commerce and obtaining a Diploma in Company Directorship, Alex spent his early career in banking and finance with..