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Wandoan, address available on request

Wandoan, address available on request

Hotel/Leisure

  • Sold Contact Agent
  • Mon 26-Aug-19

  • Floor Area
  • 1 m²
  • Last Updated
  • Oct 29, 2019

Interested in this property? Contact an Agent today

Tourism Brokers - NSW, QLD, VIC & TAS

Centralised Administration: 32 Lamorna Ave

Beecroft NSW 2119

Michael Philpott

2566MI - Leased Quality Motel and Apartments near Billions in Investment Infrastructure - Exceptional Investment Opportunity

- 8% net return leaseback opportunity.

- Opened in 2013.

- Exceptional holding opportunity.

- 95% occupancy since it opened.

- Owners are proposing a leaseback at $470,400pa ex GST with annual CPI increases.

- Current business Turning over in excess of $2,250,000 average per annum.

- Property One consists of 20 motel rooms, 8 apartments, 6 staff rooms and an 80 seat restaurant.

- Property Two consists of 8 dual key, 2 and 3 bed apartments providing 16 motel rooms.

- Close to airport.

- Combined the properties provide 44 bedrooms, a manager’s apartment and 6 staff rooms.

- Huge upside with long term growth and a true strategic holding.

- Market review in lease but not less than CPI increase over previous year.

- Bond of 3 months rent paid with a Director’s Guarantee.

- Quality well maintained condition.

- Significant depreciation allowance (Happy to discuss).

- Significant number of projects in the area with significant demand for accommodation.

- Largest concentration of

Wandoan, address available on request

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