Name: Flour Mill Hotel, 50 Edward Street, Wagga Wagga, NSW, 2650
Address: Flour Mill Hotel, 50 Edward Street , NSW, Wagga Wagga, NSW, 2650
Telephone: +61 498 954 047

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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

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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

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