$6 million paid for freehold Wodonga hotel

$6 million paid for freehold Wodonga hotel
$6 million paid for freehold Wodonga hotel

The Blazing Stump Hotel, Wodonga has been sold for $6 million - reflecting a regional hotel yield of 6.76%. 

CBRE sold the freehold building at 4327 Anzac Parade, on behalf Wodonga Holdings Pty Ltd.

The property was purchased by a high net-worth local investor looking to expand and diversify their property portfolio.

The gaming hotel investment has a site area of 5,708 square metres just minutes from the Wodonga CBD.

It is subject to a long-term lease with a commencing annual income of $406,000 per annum. 

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Hotel Wodonga

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