Freehold Investment Motel, Wagga Wagga S.NSW Ref. W. 753

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Description

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

All information contained in this website has been supplied to us by the vendors for the use of intending purchasers, and has not been verified by this office. Potential purchasers should therefore make their own enquiries, and seek professional advice. Since prices for businesses can vary, the latest information should always be sought.All inspections must be arranged via our office.

Details

Price:$3,210,000
City:Wagga Wagga
State:NSW
Zip Code:2650

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