1403ML - 30% ROI Projected with Growth Upside & Security - Money Maker
- B&B Motel
- Strong Lease / Solid profile location
- Reliable Income
- Fantastic Motel Lease
- Exceptional Landlords
This popular and profitable leasehold in a beautiful setting has 28 units (all ground floor) with a mixture of motel units and villas, seven garages, spacious grounds and a swimming pool. The private Manager's residence is also very spacious, consisting of three bedrooms with a huge kitchen and comfortable year-round climate control, connected to the large back office and reception areas. All IT and Wi-Fi are the latest.
The business is growing using modern online marketing strategies.
This well-designed motor inn benefits year-round from the large growing economy of Wagga Wagga, the Sturt Hwy, the Olympic Hwy, famous Best Western branding and support, plus the large medical precinct rapidly growing around Wagga's two hospitals - the new Wagga Base Hospital and Calvary Private which serve a large area of the Riverina. Medical treatment and expenditure are year-round and essential.
After seven years, the current owners are planning a break with travel and family.
This is an excellent opportunity to own the Best Western Ambassador Motor Inn with its large and loyal guest base, great staff and location with growing turnover in a secure diversified growth area.
Copy and paste this link to see aerial drone video of this motor inn: https://www.youtube.com/watch?v=CqieS6Iu984
Copy and paste this link to see a day and night slideshow of this motor inn: https://www.youtube.com/watch?v=qlxWeTelzqs&feature=youtu.be
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1403ML (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: 1974
Price: Reduced Leasehold $1,295,000
Net Profit: $43,338 Remuneration / Body Corp Salary: $43,338Body corp salary review: CPI Annually
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -