WAGGA WAGGA NSW 2650
Reduced $350,000 neg. Leasehold
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- 23 Mar 2017
1416ML - Great Leasehold Package for Operator and Guests
One of the first motels encountered entering Wagga Wagga from the Riverina to the west and Albury to the south, the Junction Motor Inn offers 18 comfortable 3.5 star units on over 3,000 sqm of land. It is popular with all guests as reflected on TripAdvisor where it is now ranked #4.
There is a beautiful restaurant facility in an 1870's building with full commercial kitchen and underground wine cellar. The restaurant is not trading or operated by the current lessee but offers excellent upside if catering to coaches or other groups.
There is a two bedroom Manager's flat which adjoins the reception area but there is also a full three bedroom house with all of the usual amenities that is available within the lease package. Spacious and private accommodation is rare in this industry.
With a 2015 turnover of over $360,000 and 20 years left on the lease this is an ideal opportunity for a couple or family to become involved in the industry so close to a major regional city.
Leasehold Net profit $111,486 for 2014/15
Contact David Head or Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1416ML (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.
Wagga Wagga is the ideal base for exploring one of Australia's emerging holiday destinations - The Riverina. An easy day trip in any direction can take you through the extremes of Australia's natural and cultivated environment. To the east rises Mount Kosciuszko in the Snowy Mountains. To the west lies Griffith, the heart of New South Wales' biggest wine producing region. An easy drive takes you to great Australian towns like, Junee, Lockhart and Temora.
Property Code: 996
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information