Wagga Wagga, New South Wales

2441ML - Rare as Hen's Teeth

SOLD

Business Description

Heart of Wagga Wagga motel district.
Opposite the city's central park and sporting facilities.
Completed Feb 2015.
27 high quality 'King' rooms.
No expense spared.
Quality finishes throughout.
New 30 year lease.
Local builder / landlord.
Corporate clientele.

Rarely can we offer a new lease over a new motel in the centre of the largest regional city in NSW.

Already trading well in the first 12 months since opening, this is an excellent opportunity to place your stamp on this business and capitalise on its location, quality and corporate exposure.

Featuring 23 rooms all with king sized beds plus 4x1 bedroom suites this motel is opposite Bolton Park, adjacent to the Mercure Motel and only a few minutes stroll to the CBD of Wagga Wagga. The restaurant facilities are fully managed by the chef and staff so it is easy to run even if you do not have an F&B background.

With anticipated turnover for 2016/17 of $1.4m+ (accountant prepared) this business opportunity should not last long. With limited opportunity in Wagga Wagga to acquire an accommodation business of this stature you need to call us today.

Net profit $378,000 estimated for 2016/17 (refer financial report)

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2441ML (quote when enquiring)

Location: Wagga Wagga is a vibrant regional City nestled on the banks of the magnificent Murrumbidgee River. Wagga Wagga takes its place as the capital of the Riverina region providing an exciting and yet relaxed lifestyle for residents and visitors. With over 60,000 people living in Wagga, it has the lifestyle and facilities to suit everyone.

The surrounding area consists of properties dedicated to wheat-growing, dairying, mixed farming and fat lambs. It possesses one of the largest stockyards in Australia, as well as the Livestock Marketing Centre. With the Charles Sturt University and the Riverina Institute of TAFE, Wagga is an important regional education centre and, with the Kapooka Army Recruit Training Base and a Royal Australian Air Force base, it is also regarded as one of the country's major defence force establishments.

Wagga Wagga is the ideal base for exploring one of Australia's emerging holiday destinations - The Riverina. An easy day trip in any direction can take you through the extremes of Australia's natural and cultivated environment. To the east rises Mount Kosciuszko in the Snowy Mountains. To the west lies Griffith, the heart of New South Wales' biggest wine producing region. An easy drive takes you to great Australian towns like, Junee, Lockhart and Temora.

Property Code: 1936

Business Summary

Marketing Agent

Michael Philpott

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Prime location in the heart of Wagga Wagga's motel district.
2. Opposite the city's central park and sporting facilities.
3. Recently completed in February 2015.
4. 27 high quality rooms with king sized beds.
5. No expense spared in the construction and finishes of the motel.
6. New 30 year lease with a local builder/landlord.
7. Attracts corporate clientele.
8. Already trading well in the first 12 months.
9. Opportunity to put your own stamp on the business and capitalize on its location and quality.
10. Anticipated turnover of $1.4 million+ for 2016/17.
11. Net profit estimated at $378,000 for 2016/17.
12. Limited opportunities to acquire a motel of this stature in Wagga Wagga.
13. Vibrant regional city with a population of over 60,000.
14. Close proximity to Charles Sturt University, TAFE, and defence force establishments.
15. Ideal base for exploring the Riverina region and nearby attractions.
16. Property code: 1936.