|The Quality Inn Carriage House is one of the premium properties in Wagga Wagga, NSW. Spread over 8 acres, the property has extensive conference facilities.
Wagga Wagga is New South Wales’ largest inland city and is an important agricultural, military, and transport hub of Australia. It is midway between the two largest cities in Australia, Sydney and Melbourne, and is the major regional centre for the Riverina and South West Slopes regions.
Wagga Wagga has been an exceptional motel town for many years.With strong and consistent demand, the town continues to attract visitors for business and leisure. The property is located on one of the major roads into town and is well known for its excellent restaurant.
TARHF purchased the property as a freehold passive (landlord). The property is operated to a high standard by the tenant and there are nearly 25 years left on the lease which has regular rent reviews including CPI annually. While TARHF are responsible for certain items, the tenant bears responsibility for many areas of maintenance and replacement.
With a high level of indexed income, few outgoings, downside protection and a significant yield compression since acquisition, Wagga Wagga continues to perform extremely well both in terms of income and capital gains.