1416MI - Opportunity to Secure a Long Term Investment Motel in Wagga Wagga
One of NSW’s best regional cities, a fantastic area to live.
You will need to work together with the tenants in a few areas, but this is still an outstanding opportunity to secure the Freehold Investment. Some work is required to be undertaken to the property in conjunction with the tenants to make the property more competitive, but the tenants are prepared to work together with you if your prepared to work with them. This could be a win win for everyone.
This is commercial real estate that can be depreciated unlike second hand residential real estate. If you work with the tenants, you can all benefit.
One of the first motels encountered entering Wagga Wagga from the Riverina to the west and Albury to the south, the Junction Motor Inn offers 18 comfortable 3.5 star units on over 3,000 sqm of land. It is popular with all guests as reflected on TripAdvisor where it is now ranked # 2 out of 32.
- Quality and well maintained 3.5 star property with 18 rooms with accommodation options of 5 family rooms and 13 Studio rooms.
- Wagga Wagga is an outstanding city.
- This is a genuine opportunity to enter the tightly held motel investment market.
There is a beautiful restaurant facility in an 1870's building with full commercial kitchen and underground wine cellar. The restaurant is not trading or operated by the current lessee but offers excellent upside if catering to coaches or other groups.
Inground pool, barbeque area and lovely landscaped grounds. A two bedroom owner / manager apartment which adjoins the reception area completes the Motel package.
Immaculately presented the Motel is situated within a very strong regional city. Huge exposure to the Sturt Highway opposite the Wagga Golf Club and a short drive to the Kapooka army base.
Conveniently located to access to Wagga Base Hospital, medical services, clubs, hotels, restaurants, cafes and shopping centres.
Member of the Budget Chain with a 3.5 star rating.
Booking.com - Guest Review Awards 2017, 2014 Award of Excellence
Trip Advisor: 2018 Travellers Choice - Top Bargain Hotels, 2015 & 2016 Certificate of Excellence
Australia Business Quality Awards: 2013 Gold Award Excellence in Customer Service
Annual Rent: $127,593 plus GST
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1416MI (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: 2934
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -