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.
Lease Term: 5x5x5x5x5 (25 years)
Rental $87,000p.a. net with regular reviews
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|Property Type:||Investment Freehold Motel|