, Wagga Wagga NSW

For Sale

Accommodation/Tourism

SOLD

Description: Colonial style B&B motel at one of NSW's best addresses. Long lease, huge turnover, CBD location. This property has it all.
AAA Rating: 4 star.
Construction: Double brick & tile with concrete slab floors. Two storey building. Spacious units in excellent condition. Units include 4 spa suites plus 2 interconnecting suites. Appointments of huge standard.
Residence: Cottage next door - 3 bedroom, large lounge/dining, 1½ bathrooms, bedrooms with built-ins, private yard, laundry and 4-bay garage.
Age: 1989
Clientele: Very strong corporate trade, hospital trade, tourist and passing trade.
Land Area: 2000sqm+ (approx.)
Tariffs: Single $130 - $165; Double $130 - $165; Twin $140; Family (4) $155; Extra Person $15
Chain Affiliation: Yes
Lease: Expires October 2031. Rent $14,268 per month inc. GST.
Laundry: Domestic & guest laundry on-site. Linen all hired.
Restaurant: None
Services: Room service, cooking facilities in rooms, mini-bar, in-ground pool.
Turnover: $830,007 2007/2008
Occupancy: 80% approx.
Comment: Quality 4-star CBD motel. Strong year round trade. Adjacent to McDonalds. Long term lease with rent at 18% of turnover. A must to inspect if you are looking for a great business. EXCLUSIVE AGENTS