4 STAR LEASEHOLD PROPERTY PRICED TO SELL - 1407ML

SOLD

All genuine offers will be considered
Large Corporate Leasehold Property in Major Regional Centre
Fully recovered from impact COVID and showing best financials in the motel's history
38 rooms, quality brick and tile construction in cxcellent condition
All rooms fully refurbished to a high 4-star standard
Well known restaurant and bar area, three function rooms
Large grounds, pool, tennis courts, resort style feel
Ample off-street parking for larger vehicles, trucks and coaches
Ideal location on Sturt Highway, close to Airport, RAAF Base and expanding commercial/agricultural precinct
26-kilowatt solar system installed - reducing energy costs by in excess of 50%
Suit Investors with management structure or ideal for a couple/family
Quality Inn member of Choice Hotels
Sought after location for corporates and conferences with strong repeat clientele
Additional land for expansion if desired
Leasehold Motel - vendor financing available up to 50%
Annual turnover of $1,712,386 in 2022
Inspection by Appointment Only

Wagga Wagga is the largest regional City in NSW with a population approaching 75,000, located halfway between Sydney and Melbourne on the Sturt Highway. It has a very strong local economy with many different arms. Agriculture is a major industry in the Riverina Region based around Wagga, as is government departments, Charles Sturt University, the Bowman Industrial Park as well as RAAF, NAVY and Kapooka ARMY Base.

Wagga is a very high visitation area, with one of the highest room night statistics in NSW. The profitable and reliable corporate customer provides most of the income as well as tourism, working guests, conference visitors and drive throughs. As a consequence, it is a desirable location for motel investors being tightly held, opportunities like this are rare. Call for more information.

Net Profit: $396,756 projected for 2022/23

Contact Graham Matthews from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1407ML (quote when enquiring)

Price	SOLD
Location	Wagga Wagga
Property ID	1407ML
Category	Motel

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TOURISM BROKERS CLIENT CONFIDENTIALITY AGREEMENT

IMPORTANT MESSAGE TO ALL PROSPECTIVE PURCHASERS AND LESSEES

If you are a genuine Prospective Purchaser or Lessee, and you would like to obtain additional information in respect of any listing ofTourism Brokers it is a requirement that you agree to this Confidentiality Agreement below in order to request information on a property. Tourism Brokers will respect the discreet nature of your enquiry, as we do for all our clients.

To: Tourism Brokers Pty Ltd & Tourism Brokers (QLD) Pty Ltd trading asTourism Brokers
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Having declared in general principle, that I/we have a genuine interest in Tourism Brokers listing/s, I/we now request that, in your capacity as broker for the Vendor, you supply us with a copy of a current “Information Memorandum” (the “Memorandum”) or similar, describing the requested listing/s in further detail. I/we undertake that the Memorandum or similar additional information, will be used for no purpose other than to assist me/us in determining whether I/we/our client wish to purchase or lease the said business/property listed. [note, if you are a professional adviser or similar acting on behalf of a client or some third party, you are required to nominate your client’s name below]. I/we agree that the Memorandum and any other information or material made available to us (written, verbal or otherwise) via Tourism Brokers or the Vendor or their Solicitors, will remain strictly confidential.

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a) The information and material will only be distributed on a “need to know basis” to me/us, our senior executives or directors of our company, and /or professional advisers and financiers to my/our company, and I/we shall take responsibility that all parties involved will be bound to and will adhere to the terms of this agreement.

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a) At the time of provision or disclosure, or subsequently (through no fault of me/us) becomes in the public domain.

b) Was already known to me/us before the date thereof.

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