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For Sale

Motel

Long term Darwin Hotel in heart of industrial area on Stuart Highway. The motel has been servicing transiting clients from Darwin airport and the truck industries with ample off street parking on site. Has a lease in place 2 years still to run with 5 year additional option. Lease includes CPI and Market Rent reviews (MRR) alternating years with 2015 CPI and 2016 MRR due. The current lease per annum $166,668 plus outgoings. Property includes * 29 Existing Rooms mix off Family Rooms (2 Bedroom) Executive Rooms Standard Rooms Transit Rooms * Building size 1200m2 * Development application for additional 30 rooms approved in 1998 * 2 Residence's * Pool * Commercial Laundry * Dining Room * Kitchen * 300 amps power to site (only 150 currently in use) * Voda Phone Mobile Tower on site lease currently $14,000 PA with annual CPI to 2035 The Hi Way Inn Motel is located on Stuart Highway in Winnellie. The motel is a 10 minute drive from Darwin International Airport or into Darwin city. The Hi Way Inn Motel is the ideal base for all tour destinations such as Kakadu, Litchfield National Park, jumping crocodiles cruises just to name a few and book a fishing tour to fish the world famous " Run Off "and land a huge barra. Can cater for large bookings and workers. Rooms are motel style with air conditioning, ceiling fans, Foxtel TV. Motel facilities include restaurant, laundry, swimming pool and ample of parking.

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