Investment Motel in Albury Wodonga ref. A 256

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Freehold single level brick motel for sale 5 minutes from Albury CBD & 10 minutes from Wodonga with elevated views from every room over the site of a former golf course. pool, BBQ area, children’s playground. Guests enjoy Albury’s quietest motel, situated on 2 acres, circa 1985, comprising 21 units with a combination of queen, twin, family & 4 executive spa units. A very comfortable & large 4 bedroom residence is attached for the operators.

Albury Wodonga is a major regional city with a population exceeding 90,000. It has a strong commercial and industrial base, and is situated on the Murray River, easily accessing Falls Creek (Victoria’s largest snowfields), Hume Weir, wineries and historic gold towns. It is also a major education and service centre, including Trinity College & The Scots School.

A low maintenance property, this motel is owned by a fastidious couple who have made many improvements over the years of ownership

A very sound investment assuring the owner of a very substantial return on the asking price, with significant long term prospects.

Asking: $1,500,000

Lease Term: 5x5x5x5x5 (25 years)

Rental $95,766 p.a. inc GST, + outgoings

All information contained in this website has been supplied to us by the vendors for the use of intending purchasers, and has not been verified by this office. Potential purchasers should therefore make their own enquiries, and seek professional advice. Since prices for businesses can vary, the latest information should always be sought.All inspections must be arranged via our office.

Price:$$1,500,000
Address:Logan road
City:Albury
State:NSW
Zip Code:2640
Year Built:1985
Property Type:Investment Freehold Motel

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