Asking $560,000 – Vendor Finance Available and Property Swap Considered

The imagination overflows with this versatile property. Previously the Wallangarra Hotel, (liquor license still attached), the clever owner saw an opportunity in renting out budget priced rooms to local farm workers and tourists so converted the bar area into a well-appointed home and secured a better income and lifestyle from much less work.

Situated right on the Qld NSW Border, the quaint and friendly village of Wallangarra is 15 minutes from Tenterfield and 25 minutes from Stanthorpe, with a cooler climate and four distinct seasons.

There is a school, child care centre, police station, post office, cafs, general store, 24 hour petrol station plus a few other shops.

Seasonal workers frequent the vicinity and the current owner charges $150 per person per week in shared rooms. There are at least 15 double/triple sized bedrooms so over 35 beds available to sell. Check the maths, you don’t need many full beds to cover costs.

There is also a separate one bedroom apartment which has recently been rented for $185 per week and a Laundromat open to the public and the guests, creating a small income.

The commercial rates are just $3,500 per year inc water availability, just pay for water usage. Electricity and water bills each average $1,000 per quarter ($77 pw) when turning over $3,500 per week.

Other features include:
• Residence is modern and fresh with three large bedrooms and three living zones
• Four kitchens
• Five bathrooms (6 toilets)
• Twelve hotel rooms plus four more bedrooms in total
• Air conditioning, gas and wood heating in residence
• Gas heating in apartment
• Fully rewired recently
• Wifi hotspot ticket system
• Scope to reduce huge residence area to create more rentable space

The owner tells me she is repeatedly asked to provide meals from the travelling public and used to serve food when it was a hotel. If you were so inclined, this could be a great addition.

There are two adjoining residential blocks that are being offered for sale separately.

Some information supplied by the Vendor.

Please call Carol Axworthy on 0411 229 011 for more details or an inspection.