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Exclusive Leasehold for Sale in Prime Central Wagga Wagga Location | Resort Brokers ID : LH008612
$1,300,000
Motel (Leasehold) hospitality, WAGGA WAGGA NSW
ResortBrokers is delighted to bring to market the Lincoln Cottage Motor Inn in Wagga Wagga. This leasehold opportunity offers a 30-year term with a projected net return of $371,458. The motel features 22 rooms and has shown consistent year-on-year growth. Positioned on a major thoroughfare, it benefits from proximity to key amenities and industries, making it a prime choice for business and leisure travelers.
- Exclusive leashold in central Wagga Wagga on major thoroughfare
- 30-year lease term remaining
- Projected net return of $371,458
- 22 rooms with attached management quarters
- Consisten year-on-year growth
- Operated by a husband and wife team
- Second largest regional city after Canberra
- Supported by major industries like Defence, Hospital and University
- Inspections by appointment only
Date updated: 02 Mar 2025 22:00:04
More Information
- Total Purchase Price: $1,300,000
- Net Income: $ 371,458
(projected)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?