Ad ID: 54093

Motel freehold investment for Sale Waikato

Motel freehold investment for sale now. Excellent opportunity to investment profitably in New Zealand's fantastic tourism boom.

Business Description

Motel freehold investment for Sale Waikato

You have to explore this motel freehold investment offered for sale now!

Motels are very sought after in New Zealand and the forecasts for tourism are strong.

This motel is an excellent property in super condition with a 35 year lease. Experienced and successful lessee. Rental income $264,000 +GST per annum

All outgoings paid by lessee. Superb passive motel is the leading motel in area, one of New Zealand’s favourite beach resorts. After being very successfully run by owner-operators for many years, the property is now offered as a freehold investment.

Key features include: CBD position in, on 2,579 m2 of prime real estate. Approx. 1,400 m2 of motel and licensed conference centre buildings, constructed in 2003 and in excellent condition. 24 motel units, accommodating up to 72 guests over two levels, comprising: 14 studio units, all with balcony or courtyard access 4 family studios with kitchenette 4 studios with bath, 2 with kitchenette 1 executive studio unit with kitchen A 135 m2, 2 bedroom/two bathroom 2 storey apartment Guest kitchen and BBQ Guest laundry Spa pool Ample on-site parking

Business Resources

 

Stylish Licensed Conference Centre Capacity 90 seated Commercial kitchen and bar. Fully equipped for conferences, weddings. Opens onto large courtyard with marquee space. The business is sound with highly experienced, professional lessees in place, ensuring the security of your rental income.

The lease is 35 years from 1 July 2016. Current rental income is $264,000 +GST per annum. The lessee also contributes $1200 per month to the maintenance fund. The exterior has been totally repainted this year and the lessee has undertaken a $150,000 internal makeover by renowned motel designer, Helen Whittaker of Hawkes Bay Design.

Motels are widely considered to be excellent commercial investments. We invite all interested parties to contact me now to discuss the sale of this motel freehold investment opportunity.

 

 

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