A highly profitable leasehold motel in the bustling region of East Wagga Wagga.

Description

A highly profitable leasehold motel in the bustling region of East Wagga Wagga. The Quality Inn Carriage House boasts 38 well-presented rooms, a long lease to 2051, and a strong net profit, of over $600,000. The high standard of service has earned the motel a strong rating of 4.5 out of 5 and has seen occupancy grow over the last twelve months in the booming accommodation region of Wagga. With a mix of corporate travelers Monday through Thursday, it also provides the ideal weekend destination for the leisure market. Wagga is the largest inland city in NSW, ensuring a strong influx of corporate guests, and it is a key military and agriculture hub for the region. It caters to a wide range of guest needs with facilities including a swimming pool, barbecue area, tennis court, room service, and a function/conference room. The restaurant operates for both Carriage House guests and locals. Adding to its charm, the motel is nestled on the banks of the Murrumbidgee River, offering guests a tranquil retreat. The motel also includes an owner’s unit with four bedrooms and a bathroom, providing comfortable accommodation for the manager or owner. This is a remarkable opportunity to invest in a thriving business in a vibrant location. 38 well-presented rooms Long lease to 2051 Strong net profit Booming regional accommodation location Generous owners’ residence; 4-bedroom, 1-bathroom Inspections are by appointment only