Conveniently located between the beautiful Macquarie River and the busy Mitchell Highway, the Bridge Motel is the largest motel in town. Originally two separate motels that have been combined into one, it comprises 35 rooms and facilities to suit a wide range of guests. This freehold business boasts an average annual occupancy of 75 per cent, an adjusted Net profit of $677,967 and is being sold at a 14 per cent yield.
The motel enjoys year-round demand from business and government contractors and offers potential for further growth in the tourism sector.
The property also features a spacious, separate manager's house with three bedrooms, two bathrooms, a double lock-up garage and a workman's shed.
Freeholds like this don't come to market too often, so take the time to explore this opportunity before it gets snapped up.
- Average annual occupancy at 75 per cent
- Wide range of rooms
- Strong, large commercial client base
- Coming to market at a 14 per cent yield
- Netting $677,967 after addbacks in 2021
- 35 rooms and facilities to cater for a wide range of guests
- Largest motel in Wellington, nestled between the Macquarie River and the Mitchell Highway
- All guests have access to the Macquarie River, the use of two swimming pools and barbecue area
- Large, separate manager's residence with three bedrooms and two bathrooms
- Property inspections are by appointment only
