This well- established 4 star motel is situated in Wagga (population 68,000) on the Sturt Highway between Sydney (420 km), Canberra (250 km), & Adelaide (930 km).Wagga offers a major University, Air Force & Army bases together with a significant number of manufacturing and training industries, and is a major retail and transport hub. The city has strong prospects for substantial growth (expected 100,000 population by 2050) and is regarded as a very safe, secure location.
Motel is an immaculate & attractive brick building circa 1990, and recently refreshed, with highway frontage on a level site.
Features 32 single story ground floor units, with all the modern conveniences – air conditioning, flat screen TV’s, mini bar, pool, BBQ area.
A combination of family, twin, disabled, & spa rooms as well as 2 & 4 bedroom self- contained apartments are offered
5 minute walk to huge new Wagga Base Hospital, nearby Calvary Hospital, 2 minutes to the CBD, with all major retailers.
Ideal investment with experienced lessee in place until December 2023 & a further 4 x 5 year options (23 years). Motel site https://boulevarde.net.au/
Asking: $3,210,000 (ROI of 6.17%) SOLD
Rental income: $203,000 plus GST & outgoings
Land area 4,412 m2
Enquiries: Neville 0408 694132, Peter 0412 694069
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