Wagga Wagga, New South Wales
1419ML Wagga Wagga Landmark with Contemporary Style
SOLD
Business Description
The Comfort Inn Prince of Wales features 32, 4-star guest rooms surrounding a courtyard and offers spacious rooms for business travellers, families and couples with some interconnecting and spa rooms available incorporated in a beautiful 1865 heritage building which is the hallmark of a business that ticks all the boxes.
- Central to Wagga Wagga CBD,
- Outstanding 4 bedroom + study residence,
- 30 year lease with 29 years remaining,
- Strong trading history,
- Winning presentation,
- Historic licenced restaurant (50 covers).
Gateway to the Riverina, Wagga Wagga provides solid economic growth and the 'Prince' is just the place to call home so call us today. This opportunity will not last long.
Net profit $317,050 for 2015/16
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1419ML (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: 2060
Business Summary
Key Investment Insights
1. The Comfort Inn Prince of Wales is a successful and established business with a strong trading history.
2. The hotel features 32 4-star guest rooms, including interconnecting and spa rooms, catering to a variety of travelers.
3. The property includes a historic licensed restaurant with 50 covers, providing an additional source of income.
4. The hotel is located in the central business district of Wagga Wagga, a vibrant regional city with a population of over 60,000.
5. The hotel is situated in a prime location for exploring the Riverina region, a popular holiday destination.
6. The property also includes a spacious 4-bedroom + study residence for the owner or manager.
7. The hotel has a 30-year lease with 29 years remaining, providing long-term stability for the business.
8. The net profit for 2015/16 was $317,050, indicating a strong and profitable business.
9. The property is well-maintained and presents a winning appearance to guests.
10. Wagga Wagga is a growing and economically stable city, providing a solid foundation for the business.
11. The property is listed with Tourism Brokers, a reputable agency specializing in the sale of tourism and hospitality businesses.
12. The property is identified as Property ID: 1419ML and interested parties should quote this number when inquiring.
13. The surrounding area is known for its agricultural industries, including wheat-growing, dairying, and livestock.
14. Wagga Wagga is also home to Charles Sturt University and the Riverina Institute of TAFE, making it an important education center.
15. The city is also home to major defense force establishments, including the Kapooka Army Recruit Training Base and a Royal Australian Air Force base.
