Wentworth, New South Wales
A SOLID FREEHOLD INVESTMENT OPPORTUNITY - 1450MI
SOLD
Business Description
- Solid 24 room motel with 3 bedroom ground floor residence.
- Brand new 35 year new lease.
- Experienced Leaseholder in place improving the property.
- Starting rent at $60,000 plus GST from October 2023.
- Close to town and the river on a 2,500 m2 block.
Tourism is strong within the Mildura/Wentworth region with many local attractions and activities to entice travellers.
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1450MI (quote when enquiring)
Location: Wentworth is located at the meeting places of the Murray and Darling rivers in far south-western NSW. Wentworth Shire is a region of great diversity, and it offers the opportunity to experience an introduction to Outback Australia. Tourism is strong within the Mildura / Wentworth region. Each year there are more than 300,000 visitors to the Junction of Australia’s two greatest rivers. The quality of club and sporting facilities is a reflection of the contribution the tourist makes. From Wentworth, you can cruise the waterways on a riverboat tour, explore numerous sites associated with the indigenous Barkindji people and wander along self-guided heritage trails.
Property Code: 4487
Business Summary
Key Investment Insights
1. Freehold investment opportunity: The property for sale is a solid 24 room motel with a 3 bedroom residence, making it a valuable investment for potential buyers.
2. Brand new lease: The property comes with a brand new 35 year lease, providing long-term stability for the new owner.
3. Experienced leaseholder in place: The current leaseholder has experience in improving the property, which can be beneficial for the new owner.
4. Starting rent at $60,000 plus GST: The starting rent for the property is set at a reasonable price, providing potential for a good return on investment.
5. Close to town and the river: The property's location is ideal, being close to town and the river, making it attractive to tourists and travelers.
6. Large block size: The property sits on a 2,500 m2 block, providing ample space for potential expansion or development.
7. Strong tourism in the region: The Mildura/Wentworth region has a strong tourism industry, with many local attractions and activities to entice travelers.
8. Potential for growth: With the increasing number of visitors to the region, there is potential for growth and increased revenue for the motel.
9. Ideal for owner-operators: The property is suitable for owner-operators, providing the opportunity to live on-site and manage the motel.
10. Heritage and cultural significance: Wentworth is a region of great diversity, with a rich indigenous history and numerous heritage sites, making it an attractive destination for travelers.
