Wagga Wagga, New South Wales
4 STAR LEASEHOLD PROPERTY PRICED TO SELL - 1407ML
SOLD
Business Description
- All genuine offers will be considered
- Large Corporate Leasehold Property in Major Regional Centre
- Fully recovered from impact COVID and showing best financials in the motel's history
- 38 rooms, quality brick and tile construction in cxcellent condition
- All rooms fully refurbished to a high 4-star standard
- Well known restaurant and bar area, three function rooms
- Large grounds, pool, tennis courts, resort style feel
- Ample off-street parking for larger vehicles, trucks and coaches
- Ideal location on Sturt Highway, close to Airport, RAAF Base and expanding commercial/agricultural precinct
- 26-kilowatt solar system installed - reducing energy costs by in excess of 50%
- Suit Investors with management structure or ideal for a couple/family
- Quality Inn member of Choice Hotels
- Sought after location for corporates and conferences with strong repeat clientele
- Additional land for expansion if desired
- Leasehold Motel - vendor financing available up to 50%
- Annual turnover of $1,712,386 in 2022
- Inspection by Appointment Only
Wagga Wagga is the largest regional City in NSW with a population approaching 75,000, located halfway between Sydney and Melbourne on the Sturt Highway. It has a very strong local economy with many different arms. Agriculture is a major industry in the Riverina Region based around Wagga, as is government departments, Charles Sturt University, the Bowman Industrial Park as well as RAAF, NAVY and Kapooka ARMY Base.
Wagga is a very high visitation area, with one of the highest room night statistics in NSW. The profitable and reliable corporate customer provides most of the income as well as tourism, working guests, conference visitors and drive throughs. As a consequence, it is a desirable location for motel investors being tightly held, opportunities like this are rare. Call for more information.
Net Profit: $396,756 projected for 2022/23
Contact Graham Matthews from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1407ML (quote when enquiring)
Property Code: 3912
Business Summary
Key Investment Insights
1. Large corporate leasehold property in a major regional centre
2. Fully recovered from the impact of COVID and showing the best financials in the motel's history
3. 38 rooms, quality brick and tile construction in excellent condition
4. All rooms fully refurbished to a high 4-star standard
5. Well-known restaurant and bar area, three function rooms
6. Large grounds, pool, tennis courts, resort-style feel
7. Ample off-street parking for larger vehicles, trucks, and coaches
8. Ideal location on Sturt Highway, close to Airport, RAAF Base, and expanding commercial/agricultural precinct
9. 26-kilowatt solar system installed, reducing energy costs by over 50%
10. Suit investors with management structure or ideal for a couple/family
11. Quality Inn member of Choice Hotels
12. Sought-after location for corporates and conferences with strong repeat clientele
13. Additional land for expansion if desired
14. Leasehold motel with vendor financing available up to 50%
15. Annual turnover of $1,712,386 in 2022
16. Inspection by appointment only
17. Located in Wagga Wagga, the largest regional city in NSW with a strong local economy
18. High visitation area with one of the highest room night statistics in NSW
19. Profitable and reliable corporate customer base
20. Desirable location for motel investors, with opportunities like this being rare.
