East Wagga Wagga, New South Wales
Large number of rooms with long lease
$2,250,000
Business Description
The Quality Inn Carriage House is a standout leasehold opportunity, offering 38 well-presented rooms, a long lease to 2051, and a strong net profit exceeding $555,448.
Now operating under new management, the business has seen a clear uplift in performance, with increased trade across both accommodation and functions. This renewed operational focus has driven improved occupancy and stronger utilisation of the motel’s function and conference facilities, positioning the asset for continued growth.
Located in Wagga Wagga, the largest inland city in NSW, the motel benefits from a diverse and reliable guest base. Corporate travellers dominate midweek trade, supported by strong demand from government, military, and agricultural sectors, while weekends attract a growing leisure market.
Averaging around 70% plus in occupancy with projected TO for this year bing $1,620,064 the. leasehold is going to market at $2.25m
The property offers a broad range of guest amenities including a swimming pool, tennis court, barbecue area, room service, function and conference spaces, and an onsite restaurant catering to both guests and locals. Positioned along the banks of the Murrumbidgee River, the motel provides a relaxed, resort-style environment that enhances guest appeal.
Additional value is provided by a spacious four-bedroom owner’s residence, suitable for onsite management or operator accommodation.
With proven performance, recent operational improvements, and clear upside in both accommodation and functions, this is a compelling opportunity to secure a high-performing leasehold business in a major regional NSW centre.
**Ras360 – Specialists in Motels | Hotels | Pubs | Parks | Management Rights **
Business Summary
Key Investment Insights
1. Long lease to 2051 provides extended tenure and stability for the leaseholder.
2. Large scale operation with 38 well-presented rooms, supporting economies of scale.
3. Strong net profit exceeding $555,448, indicating healthy cashflow.
4. Recent change to new management has driven a clear uplift in performance and occupancy.
5. Average occupancy around 70% plus, with projected turnover of $1,620,064 for the year.
6. Leasehold price to market at $2.25 million, enabling valuation comparison against earnings and turnover.
7. Diverse, reliable demand profile in Wagga Wagga, with corporate midweek trade and growing leisure weekends.
8. Significant demand drivers from government, military, and agricultural sectors, supporting weekday yield.
9. Broad guest amenities including swimming pool, tennis court, barbecue area, room service, function and conference spaces, and onsite restaurant, enhancing guest appeal and ancillary revenue potential.
10. Riverside location on the Murrumbidgee River delivers a relaxed, resort-style environment that strengthens leisure market draw.
11. Onsite four-bedroom owner’s residence suitable for onsite management, reducing staffing logistics and accommodation costs.
