Major Wagga Wagga Hotel Opportunity for sale by HTL Property

Specialist national brokerage firm HTL Property, in an exclusive capacity, is excited to present for sale a substantially commenced hotel development site within the historic Murrumbidgee Flour Mill – Wagga Wagga.

The Flour Mill Hotel is a rare opportunity to acquire the historic Murrumbidgee Flour Mill site, which is DA approved for a 142 room hotel with extensive complimentary facilities.  The current owners have completed substantial engineering and construction works thus far, providing an incoming purchaser a shovel ready development opportunity.

The sale of the Flour Mill Hotel will be managed by HTL Property Directors Nic Simarro and James Carrick.

Flour Mill Hotel sits upon a significant 15,360 sqm land parcel – which has been remediated, and both bulk and detailed excavation completed, as well as underground services brought in and the majority of applicable civil works completed.  The owners indicate that over $12m has already been contributed to the initial works of this major development.

“Wagga Wagga boasts a consistently growing population of approximately 70,000 residents, and this growth is predicted to continue in the short to long term – with predictions of 90,000 people by 2036”

“Accordingly, additional accommodation supply is essential to Wagga Wagga’s continued growth” advised HTL Property Director, Nic Simarro.

“Limited options exist in this tightly held market to acquire accommodation, and therefore development sites with scale such as this one are a very credible option” Simarro added.

“We are presenting a heavily discounted opportunity on behalf of clients who are motivated to meet the market and exit the development entirely” concluded HTL Property Director, James Carrick.

The Flour Mill Hotel, Wagga Wagga is for sale via an Expression of Interest sale process concluding at 4pm, 7 December – 2023.

End.