Wagga Wagga, New South Wales
MAJOR MOTEL INVESTMENT IN RIVERINA CITY WITH 15 SELF-CONTAINED UNITS - 1406MI
SOLD
Business Description
- 20 years remaining on the lease with market and CPI reviews allowing fairness for all involved.
- Brick and tile structure with good street frontage and street appeal.
- High proportion of return guests.
- Profile position with exceptional home as a residence.
- Wagga Wagga Regional location, very popular and in high demand with easy access to airport, CBD, Schools, Hospital, etc.
- Fantastic home rather than residence with room for expansion.
- Offering 15 exceptional motel units that are well proportioned, each with kitchenette. Opportunities like this are exceptionally rare.
- 4 kms south of the CBD near Lake Albert in the main residential growth corridor for this developing City; the property benefits from workers, tourists, golfers and travelers.
- A saltwater pool, barbeque areas and cabanas in a landscaped garden area make this property present extremely well and offers guests considerable value for their stay.
- This 7,540 m2 block also has room for further development, which is a big plus for the location.
- 1980 approximately construction.
- The tenants are doing very well and will be with the property for many years to come.
Annual Rent: $114,507.41 plus GST
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1406MI (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.
Property Code: 4346
Business Summary
Key Investment Insights
1. The business is a major motel investment located in a popular Riverina city with 15 self-contained units.
2. The lease has 20 years remaining with market and CPI reviews, ensuring fairness for all parties involved.
3. The motel has a brick and tile structure with good street frontage and appeal.
4. A high proportion of return guests indicates customer satisfaction and loyalty.
5. The property has a prime location in the city, with easy access to the airport, CBD, schools, hospital, etc.
6. The property includes a spacious and well-maintained residence for the owner.
7. The motel offers 15 well-proportioned units with kitchenettes, making it a rare and valuable opportunity.
8. The property is situated in a developing area with potential for further growth and expansion.
9. The motel has a saltwater pool, barbeque areas, and cabanas in a landscaped garden, providing guests with added value during their stay.
10. The 7,540 m2 block of land also has room for further development, making it a valuable asset.
11. The motel was built in 1980, providing a solid and established business foundation.
12. The current tenants are successful and have a long-term commitment to the property.
13. The annual rent for the property is $114,507.41 plus GST.
14. Wagga Wagga is a vibrant regional city with a population of over 60,000 and offers a relaxed lifestyle and excellent facilities.
15. The surrounding area is dedicated to agriculture, with a focus on wheat-growing, dairying, and livestock.
16. Wagga Wagga is also a major education and defense force establishment, providing a diverse and stable economy.
17. The property is listed under Property ID 1406MI and is available for inspection through Michael Philpott from Tourism Brokers.
18. The property is listed under Property Code 4346.
