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1300 76 78 02This is a "set and forget" opportunity for the savvy investor looking to diversify their portfolio with a high-yielding regional hospitality asset. This premium freehold investment with a reliable, long-term tenant already in place is sold as a going concern with an immediate passive income from day one.
Located just moments from the town centre, Murray River, local golf clubs, and the iconic Corowa Whisky & Chocolate Factory, the property consists of 26 well-appointed, air-conditioned suites ranging from executive to family configurations, ensuring year-round occupancy. Additional guest facilities include a sparkling in-ground pool, BBQ area, and manicured gardens, all meticulously maintained by the current operators. There is also a large, private 3-bedroom residence sited on the land which totals some 4,152m2 (approx).
The 7 x 5 year lease term offers 35 years in total and commenced 11th August 2023 leaving the next owner with a solid tenancy of up to 33 years . Rents are reviewed annually to CPI and the next market based review is scheduled for 2028 giving you the opportunity to increase your return in line with the market.
Corowa is a powerhouse of regional tourism and agriculture. As a gateway to the Rutherglen wine region and a hotspot for river-based recreation, the town sees consistent demand from both corporate travelers and holidaymakers. Invest now and watch your asset grow!