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Sold

1413ML - Wagga Wagga Heartland, Walk to the CBD

SOLD

4,000 m2
  • 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: $375,000 expected for 2018/19

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

Property ID: 1413ML (quote when enquiring)

Price SOLD
Location Wagga Wagga
Property ID 1413ML
Category Motel

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