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Flour Mill Hotel, 50 Edward Street, Wagga Wagga, NSW, 2650

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Flour Mill Hotel, 50 Edward Street, Wagga Wagga, NSW, 2650
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Flour Mill Hotel, 50 Edward Street, Wagga Wagga, NSW, 2650

Flour Mill Hotel, 50 Edward Street, Wagga Wagga, NSW, 2650

Properties / Buy / New South Wales / Wagga Wagga
Development Approved

1. Property Summary

Property Type
Commercial
Sub Type
Hotel Sites
Land Area
15,360 m² (Actual)
Selling Method
Expressions of Interest: Closing Thursday 7 December 2023
DOCUMENTS AVAILABLE
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2. Property Highlights

Major Wagga Wagga Hotel Opportunity
  • Substantially commenced hotel development opportunity
  • DA approved and commenced 142 room hotel + 140 parking spaces
  • Circa $12m* in engineering and construction works already undertaken

HTL Property, acting as exclusive agency, is pleased to present the partially built Flour Mill Hotel – Wagga Wagga.


Key Investment Highlights

  • Substantially commenced hotel development opportunity
  • Wagga Wagga is a vibrant regional city, capital of the Riverina Region
  • Unique repurposing of the historic Murrumbidgee Flour Mill site
  • DA approved and commenced 142 room hotel + 140 parking spaces
  • Complemented by two restaurants, bar and function facilities
  • Circa $12m* in engineering and construction works already undertaken
  • Significant 15,360sqm* site; part of a greater mixed-use master plan
  • Wagga Wagga city centre position; southern anchor of main street
  • 227kms to Canberra and circa 4.5hrs drive to Sydney or Melbourne
  • Forecast $5.71m* Gross Profit and $3.24m* NOP in the first year
  • Forecast ave. 73%* occupancy noting Wagga Wagga’s limited supply
  • Draft management agreement with leading hotel company
  • Substantial 70k population with forecast growth to 90k by 2036
  • Strong, diversified $4.84b economy; +$15b incoming infrastructure
  • Top tourist destination; 3m visitors who spent +$1b (Destination NSW Travel to Riverina Tourism Region Time Series, years ending Mar23)
*Approx
Read More
Dataroom

1. Property Summary

Property Type
Commercial
Sub-type
Hotel Sites
Land Area
15,360 m² (Actual)
Selling method
Expressions of Interest: Closing Thursday 7 December 2023
DOCUMENTS AVAILABLE
Gain Access

2. Property Highlights

Major Wagga Wagga Hotel Opportunity
  • Substantially commenced hotel development opportunity
  • DA approved and commenced 142 room hotel + 140 parking spaces
  • Circa $12m* in engineering and construction works already undertaken

HTL Property, acting as exclusive agency, is pleased to present the partially built Flour Mill Hotel – Wagga Wagga.


Key Investment Highlights

  • Substantially commenced hotel development opportunity
  • Wagga Wagga is a vibrant regional city, capital of the Riverina Region
  • Unique repurposing of the historic Murrumbidgee Flour Mill site
  • DA approved and commenced 142 room hotel + 140 parking spaces
  • Complemented by two restaurants, bar and function facilities
  • Circa $12m* in engineering and construction works already undertaken
  • Significant 15,360sqm* site; part of a greater mixed-use master plan
  • Wagga Wagga city centre position; southern anchor of main street
  • 227kms to Canberra and circa 4.5hrs drive to Sydney or Melbourne
  • Forecast $5.71m* Gross Profit and $3.24m* NOP in the first year
  • Forecast ave. 73%* occupancy noting Wagga Wagga’s limited supply
  • Draft management agreement with leading hotel company
  • Substantial 70k population with forecast growth to 90k by 2036
  • Strong, diversified $4.84b economy; +$15b incoming infrastructure
  • Top tourist destination; 3m visitors who spent +$1b (Destination NSW Travel to Riverina Tourism Region Time Series, years ending Mar23)
*Approx
Read More
Dataroom
Development Approved
James Carrick
James Carrick
+61 *** *** *** show +61 498 954 047
Message Message
+61 498 954 047 james.carrick@htlproperty.com Message
Nic Simarro
Nic Simarro
+61 *** *** *** show +61 403 005 776
Message Message
+61 403 005 776 nic.simarro@htlproperty.com Message
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4. Property Location

Flour Mill Hotel, 50 Edward Street, Wagga Wagga, NSW, 2650

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5. Market Intelligence Report

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Flour Mill Hotel, 50 Edward Street, Wagga Wagga, NSW, 2650 Wagga Wagga
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HTL Property
HTL Property
Level 3, 319 George Street, Sydney NSW 2000 Australia
James Carrick
James Carrick
+61 *** *** *** show +61 498 954 047
Nic Simarro
Nic Simarro
+61 *** *** *** show +61 403 005 776
Enquire