Wagga Wagga, New South Wales

Leasehold $1,050,000

Property Description

1413ML - Wagga Wagga Heartland, Walk to the CBD

- Money Maker: Position and people, this one has access to them both and as a result money.

- Rare opportunity in one of NSW’s best regional cities, a fantastic area to live.

- Quality and well maintained 3.5 star property with 30 spacious rooms.

- Considerable funds have been spent modernising the property.

- Exceptional Rep and Tourist trade with a huge return business that is simply stunning.

- Significant upside with some Coach trade available, most of the current business is the Monday to Friday rep trade.

- Quality two bedroom residence that has recently been modernised, with built-in wardrobes, lounge/dining, bath/toilet, laundry, private yard and double carport. Very roomy and convenient – joins reception.

- Potential for added income with conference facilities.

- Age: Built 1982 approx.

- Clientele: Popular with work groups, trade workers, groups, tourist and interstate travellers.

- Land Area: 3/4 acres approximately.

- Lease: Until April 2040 with additional years to be able to be purchased subject to negotiations with the landlords.

- Laundry: Full commercial. Sheets and slips hired - remainder owned and done onsite.

- Restaurant: 50 seat with licensed bar.

- Services: Room service, split system reverse cycle air-conditioners, inground pool.

- Occupancy: increasing and benefiting from some detailed marketing initiatives.

Net profit: $370,000 expected for 2018/19

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

Property ID: 1413ML (quote when enquiring)

Property Code: 2904

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent

Michael Philpott

Marketing Agency

Tourism Brokers

Michael Philpott
Tourism Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Wagga Wagga, New South Wales 2650 Exact map location not provided

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