MAJOR MOTEL INVESTMENT IN RIVERINA CITY WITH 15 SELF-CONTAINED UNITS - 1406MI

SOLD

20 years remaining on the lease with market and CPI reviews allowing fairness for all involved.
Brick and tile structure with good street frontage and street appeal.
High proportion of return guests.
Profile position with exceptional home as a residence.
Wagga Wagga Regional location, very popular and in high demand with easy access to airport, CBD, Schools, Hospital, etc.
Fantastic home rather than residence with room for expansion.
Offering 15 exceptional motel units that are well proportioned, each with kitchenette. Opportunities like this are exceptionally rare.
4 kms south of the CBD near Lake Albert in the main residential growth corridor for this developing City; the property benefits from workers, tourists, golfers and travelers.
A saltwater pool, barbeque areas and cabanas in a landscaped garden area make this property present extremely well and offers guests considerable value for their stay.
This 7,540 m2 block also has room for further development, which is a big plus for the location.
1980 approximately construction.
The tenants are doing very well and will be with the property for many years to come.

Annual Rent: $114,507.41 plus GST

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

Property ID: 1406MI (quote when enquiring)

Location: Wagga Wagga is a vibrant regional City nestled on the banks of the magnificent Murrumbidgee River. Wagga Wagga takes its place as the capital of the Riverina region providing an exciting and yet relaxed lifestyle for residents and visitors. With over 60,000 people living in Wagga, it has the lifestyle and facilities to suit everyone. The surrounding area consists of properties dedicated to wheat-growing, dairying, mixed farming and fat lambs. It possesses one of the largest stockyards in Australia, as well as the Livestock Marketing Centre. With the Charles Sturt University and the Riverina Institute of TAFE, Wagga is an important regional education centre and, with the Kapooka Army Recruit Training Base and a Royal Australian Air Force base, it is also regarded as one of the country's major defence force establishments.

Price	SOLD
Location	Wagga Wagga
Property ID	1406MI
Category	Motel

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