;
Motel

Winnellie, NT 0820

29 beds 20 baths 4 cars
Block of Flats

$2,500,000

Can I afford this home?
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Monica Baumgartner

Property Description

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.




Features
Highlight Feature: Built-In Wardrobes, Close to Transport, Pool, Security Access, Furnished
Floor Area: 3,750sqm
Land Area: 4,070 sqm
Parking: 4 cars
The seller has opted not to publicly reveal the address of this property for sale. Please contact Monica Baumgartner from Acacia Realty - Noonamah for more details.

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Monica Baumgartner
Acacia Realty - Noonamah
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