Newell Highway, WEST WYALONG 2671
For Sale $625,000
Peter Campbell

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Neville Harvey

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Peter Campbell Business Brokers
47 Amaroo Street,
Wagga Wagga, NSW 2650

Newell Highway, WEST WYALONG 2671

Accommodation/Tourism for sale

Newell Highway, WEST WYALONG NSW 2671

For Sale $625,000

$139,000pa
Rent

Business Details

Motel Lease in West Wyalong

Ref. W. 627
Superbly presented 24 unit motel with restaurant, pool, 3 bedroom residence, and conference centre.
This modern single story motel offers plenty of parking for guests in a quiet location.
Situated on the Newell highway, adjacent to West Wyalong, the motel is able to take advantage of the extensive gold mining activity presently underway with further expansion by Evolution Mining Australia. The Cowal Gold Operations currently employ approximately 350 people and is approved to operate until 2032
The licensed restaurant and conference centre has a strong following from locals and guests with the opportunity for the lessee to sub-let this part of the business. The restaurant will seat 35 – 40 people with the conference room in the same area able to seat another 80 to 85 and provide conference facilities. The restaurant operates 6 days a week with casual staff except for the chef who is on contract. All cleaning staff are casual
The residence is very comfortable with 3 bedrooms, lounge and separate kitchen adjacent to a modern reception area
The motel is not aligned with any chain & operates from their own website consequently no payments are made to booking agencies. Occupancy is presently 75% and increasing with the additional workforce in the area due to the mining activity and associated industries
Asking: $625,000
Lease Term New 25 years
Rental $139,000P.A + outgoings
Enquiries: Neville Click to call, Peter Click to call

Summary »

  • Business Category: Accommodation/Tourism
  • Business Sub Category: Motel
  • Construction: Double Brick
  • Rooms: 24
  • Furnished: Yes
  • Current Rent: $139000 per year (inc GST)
  • Business Selling Price: $625000
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Peter Campbell Business Brokers
47 Amaroo Street,
Wagga Wagga, NSW 2650

Phone: 02 6922 4746
Fax: 02 6922 4682

Peter Campbell
Phone: 1300 367289
Mobile: 0412694069

Neville Harvey
Mobile: 0408694132

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