MOTEL INVESTMENT - TOP QUALITY BOUTIQUE MOTOR INN

SOLD

Wagga Wagga NSW 2650

Accommodation/Tourism

BUSINESS FOR SALE

Description: Top quality boutique Motor Inn. Full corporate amenities. Prime location in major regional city location. Strong year round trade. Secure long term investment.
AAA Rating: 4½ star standard - self rated
Construction: 3 level brick & concrete construction, all concrete floors with brick wall partitions. Fully refurbished in 2007. Not a cent to spend on this one. Very large rooms, up to 50sqm. Open plan reception/dining area plus coffee shop.
Residence: 2 bedroom with built-ins, lounge, dining, private kitchen, bathroom. Very good condition. Adjoins back office with good views over reception area and restaurant.
Age: 1985 - Over $2mil refurbishment in 2007.
Clientele: Large corporate trade, local events, passing trade, tourist, corporate functions.
Land Area: 3500sqm approx.
Tariffs: Single $159; Double $159; Suite $199 - $249
Chain Affiliation: Yes
Lease: New 30 years. Rent $630k p.a. CPI adjusted.
Laundry: Linen hired.
Restaurant: 130 seat with entertainment licence & coffee shops. Fully licensed.
Services: Room service, convention facilities, coffee shops, spa rooms, new split air-conditioning, guest laundry.
Turnover: $3,000,000 plus
Occupancy: 73% approx. last 12 months.
Comment: Rarely available. Top quality investment. First time offered to the market. You will not inspect a better quality property. Over 8% yield. Call now.