Passive Investment Motel With Tenant, Long Lease.

Business For Sale Wagga Wagga + Riverina NSW Region, New South Wales

Business Category Motel

$650,000

Description

Passive Investment Motel With Tenant, Long Lease.

Excellent opportunity to purchase this passive investment motel in Riverina NSW.
• Secure tenant and a long 20-year lease in place
• Annual rent of $42,000 + GST
• Tenant pays all outgoings
• Over 7% rental return on the asking price
• Well maintained property
• Rare offering as the only motel in town
• Property next to the golf course
• 20 Rooms built over 1 acre of land
• Large 3 bedroom renovated residence
• Property inspections are by appointment only

About the Property
• Land Area:  4000sqm
• Building Area: Refer to Broker
• Occupancy: Tenant (20 years long lease)
• Whole building
• Parking: On site (30 cars)
• Projected annual return:  Refer to Broker
• Photos of Floor plan: Refer to Broker
• Virtual Tour: Refer to Broker
• Inspection Schedule: By Appointment Only

Please contact Amit Gupta for more information about this property and lease.

Listing ID: NSW09950

Broker: Amit Gupta
Phone: XXXXXXXXXX
Email: XXXXXXXXXX

To complete an online confidentiality agreement, visit this business and enquire now at:  XXXXXXXXXX

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
Ref: NSW09950
Timestamp: XXXXXXXXXX 0111

Motel Information

  • Restaurant Facilities
  • Liquor Licence
  • Restaurant
  • Lease: -
Contact Seller

Bsale ID: 545140
Broker REF: NSW09950

Link Sydney
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