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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