Cadell on the Murray, 325 Perricoota Road, Moama, NSW 2731

Exceptional Development Site (STCA) on 12 HA (30 Acres Approx ) One Title.

A 26 Unit Motel & Conference Centre. On 3.328 HA ( 8 Acres ) 
"The Horse paddock". 
Vacant Land with Absolute Murray River Frontage on 9 HA   ( 22 Acres)

Held by the Evans family for three generations, ( since 1944 ) the property is offered on one title and features expansive river views, established accommodation infrastructure and significant scope for future development, tourism and lifestyle uses, (STCA) 

Improvements:

Motel and Conference Centre -"Cadell on the Murray"
A 26 Room Motel and Conference Centre + 4 B/R Manages Residence.
Securely Leased Until 2048 
Current Rent $209,532.00
11 family rooms, 9 double rooms and 7 queen rooms.

Riverpoint 1703 Conference / Wedding Centre.

A brick building of some 612 m2 
A unique conferencing and meeting facility with stunning views of the river.
Commercial kitchen. 
Male and female amenities including laundry and storage rooms.
Access ramp.
Disabled parking. 
Disabled bathroom.

The Lease: 

Lease: 			    5 Years with 3 x 5 Years to 2048
Rent Reviews: 	    Annual CPI /- To Market at Option 
Lessee:			    Riverpoint 1703 Pty Ltd.
Commencing:  	    1/3/2023 
Expiry Date: 		     29/2/2028 
Term / Option: 	     5 Years with 3 x 5 Year Options To 2048.
Base Rent: 		     $197,032 P/A plus GST 
Function Room Rent: $ 12,500 P/A plus GST Until 2043
Passing Rent: 	     $209,532 P/A plus GST.

NB:	The extra $12,500, commenced as an extra amount of rent in December 2015 at the completion of the function centre to compensate the Evans family for their input costs to build the function centre. It will cease in 2043.

Outgoings Payable by the Tenant.	

Municipal Rates 	75% 
Water Rates		100%
Land Tax 		15%
Insurance 		100%

Additional Improvements: 

Solar heated inground pool.
Storage sheds.
Synthetic tennis court.
Bitumen car parks.
3 Undercover riverside BBQ's.
Concrete boat ramp located on the "Horse Paddock".
Children play equipment.

Water / Inclusions.

Town Water.
Town sewerage. 
Solar power.
5 Meg Water allocation.

Zoning:

Zoned 	C3 Environmental Management Zone under the Murray Local                                     
                Environmental Plan (LEP) 2011

Title Details: 		

Part of the Land described as Folio 1 /795693

Other Details: 

The motel was built by Mr & Mrs Geoff Evans with the first three blocks opening 1984.
Additional 4th block  of rooms opened in July 1986 to be able to accommodate buses and larger groups.

The motel was run by the Evans family from 1984 until December 1999.

It was Leased to:

I & R BOQUEST from 13/12/1999  -   To 4 /5/2004
B & M. HEARN From     4/5/2004  -   To 3/12/2019
C&M PETERS From       3/12/2019 -  To Current

The conference room opened December 2015.
The pool replaced in October 2015
Motel rooms refurbished 2015
Tennis court resurfaced 2018.
All maintenance was kept up to date with termite inspection every 12months.

One of the finest Murray River properties to come to market in recent times.
An extraordinary opportunity awaits developers, entrepreneurs and astute investors to secure a substantial Murray River holding offering exceptional potential for development, tourism and future investment. ( STCA )
Set in a tightly held and highly sought-after location, the property is conveniently positioned close to the Rich River Golf Club and immediately adjoining a recently developed residential subdivision. 

A wonderful opportunity to provide the scale and flexibility to create something truly exceptional.
Information Memorandum with Contracts and Zoning Information available. 

Offers prior to Auction Invited. 

Terms 10% Deposit Balance 150 Days. 

Inspection By Appointment. 

Gary Wood 0408 505 733    
Zoey Tye     0427 374 090