Tumut businesses still on the market

Tumut businesses still on the market

Nimbo Fork Lodge.

Six months on from its initial listing on Commercial Real Estate, luxury fly-fishing retreat Nimbo Fork Lodge is still on the market.

The asking price for the property is $3.2 million, and management say they cannot release any details as to current negotiations for its sale.

Meanwhile, the Tumut Valley Motel is also still up for sale on Commercial Real Estate, after being listed in early April. The asking price is $700,000 leasehold or $2.8 million freehold.

The Woolpack Hotel, too, is advertised for sale, with price upon application, and the Tumut Log Cabins are listed for $990,000, negotiable.

Owner of the Tumut Log Cabins Lia Devries said she is retiring, but has loved the experience of running a lifestyle property in town.

“We bought it with a ten-year plan, we just wanted to semi-retire, and we’ve just decided now’s the time to give it up – but we love Tumut, and we’re not leaving Tumut!” she said.

“It’s been great, it’s a good little business. We’ve been running it just as a lifestyle thing so we haven’t been actively promoting it, but it has plenty of potential if someone wants to increase the business.”

She said there has been a fair bit of interest in the property.

“We’ve had quite a few inquiries, most of them have actually been from out of town,” she said.