4 Ungarie Rd, West Wyalong is a 0 bedroom, 0 bathroom House. The property has a land size of 4447m2 and floor size of 1300m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Regional NSW Motel Blessed with its Fantastic Location!
For the first time in 25 years the Colonial Motor Inn is for sale as a freehold going concern business.
The motel has been owned for the past 25 years by the vendors and was previously operated under a lease. With an impressive 80 percent plus occupancy, this once in a generation opportunity is a profitable offering very rarely seen.
The Colonial Motor Inn is perfectly located geographically close to the Newell Highway, West Wyalong.
With its fortuitous location, this terrific motel is primed to capture the needs of weary travellers in transit from Victoria through to Queensland and as an added bonus, due to its priceless locale, having the ability to also capture travellers on one of the major routes between Sydney, the ACT and Adelaide, therefore is perfectly positioned for the savvy operator to capitalise on the ever-growing traffic between 5 out of 8 of Australia's capital cities!
A perfect opportunity exists for a motivated business operator to take this one off located motel to soaring new heights that are so rare in a rural setting. Even rarer is the freehold opportunity in a sought-after regional area with high traffic flow. West Wyalong itself is generally the overnight stop of choice for most transiting from south to north and vice versa.
The motel has 24 individual and well equipped, recently upgraded rooms with a diverse range of room configurations all fitted out with new smart tv's, updated beds, linen and flooring.
The motel itself sits on approximately just over approx. 1 acre of General Residential Zoned lane which gives the property enough space for a relaxed stay but also a manageable space for the incumbent to be able to easily maintain the property to a high standard without over the top investment or time.
Also featuring a licenced restaurant bar / function space seating approx. 120 people, which could be used to enhance the accommodation offering with breakfast / dinner options if the new owners wished to do so. This space is also accompanied with a full commercial kitchen which has also been updated with new appliances and has a generous walk-in cool room.
Also on offer is a larger then standard 3 x bedroom, 1x bathroom, air-conditioned residence with a generous sized rear yard, reception area, in- ground swimming pool, BBQ facilities a guest laundry and onsite parking to entice clientele.
Key Features:
* On the market for the first time in 25 years
* 24 motel rooms with diverse room configurations
* 3 x bedroom family residence, in-ground swimming pool and BBQ area
* Beautifully maintained property and grounds
* Situated on (approx.) 4,437 m2 of R1 - General Residential Zoned land
* Huge accommodation demand in West Wyalong further amplified by mining
and agricultural industries
* Current 80% occupancy rate not inclusive of mining and agricultural worker
demand
The current vendors have decided after a successful long innings owning and running this great regional accommodation business it is time to retire, thus MHB having the opportunity to present this property for the first time in 25 years, be QUICK this is one that won't last long.
Contact Dan McDonald at MHB direct on 0437 838 368 to arrange an inspection.
The size of West Wyalong is approximately 801.3 square kilometres. It has 17 parks covering nearly 3.3% of total area. The population of West Wyalong in 2011 was 3,041 people. By 2016 the population was 3,123 showing a population growth of 2.7% in the area during that time. The predominant age group in West Wyalong is 0-9 years. Households in West Wyalong are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in West Wyalong work in a trades occupation. In 2011, 70.3% of the homes in West Wyalong were owner-occupied compared with 70.4% in 2016.
West Wyalong has 2,006 properties. Over the last 5 years, Houses in West Wyalong have seen a 74.80% increase in median value, while Units have seen a 54.07% increase. As at 31 July 2024:
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