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Motel Lease Wagga Wagga For Sale

Wagga Wagga, New South Wales, Australia
Asking Price:
$990,000 (AUD)
Sales Revenue:
$500K - $1M (AUD)
Cash Flow:
$250K - $500K (AUD)

32 rooms, 4 star – combination of ground & 1st floor – mostly refurbished recently to a high standard. A 5 bedroom manager’s residence, commercial kitchen, flat screen TV’s, swimming pool, BBQ facilities, off street parking
Restaurant & bar (not operating at present but was one of the most popular restaurants in the area) Opportunity to re-open to increase revenue or lease
Turnover consistently over $800,000 – $900,000p.a. Last 3 months turnover close to $300,000 since the easing of Covid restrictions. Genuine sale due to health issues. Serious buyers – this is a must inspect. The good days are here again. Wagga Wagga is one of the best motel cities in NSW
Lease available 24 + years

Property Information

Real Estate:

Lease

Lease Terms:

24 years

Living Accommodation:

32 guest rooms plus 5 bedroom proprietor's residence

Location:

CBD location in Wagga wagga pop 68000

Premises Details:

32 guest rooms on 2 levels 5 bedroom manager's residence, restaurant, inground pool and a lot more.

Business Operation

Expansion Potential:

Significant

Reasons for selling:

Retirement

Other Information

Support & training:

Provided

Contact Peter Campbell Real Estate

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