nzbizbuysell.co.nz/103530
Ad ID: 103530

Land, Buildings and Motel for Sale Invercargill

Great Motel Business in Southland, act swiftly to secure this opportunity now!

Location:
Asking:
$1,450,000
Offers Over | +GST (if any)

Business for Sale Description

Land, Buildings and Motel for Sale Invercargill

Freehold Home & Income in a Resilient Region of NZ

This Invercargill City Freehold Going Concern Motel is for sale for the first time in 17.5 years! The live-in owners of this freehold going concern are overdue for retirement, and we are under strict instructions to get this sold, so don’t delay – the region is resilient, the infrastructure works are proceeding, and this purchase gives you a home and income, that is freehold, not leasehold – act fast and call Adrian now!

This superbly located motel complex in Queens Drive is just a few minutes walk to the inner city retail prescient and the Southland Institute of Technology, which is also located in the Invercargill CBD zone.

This complex comprises a two level 4 bedroom owner/managers home plus the motel office, and 9 motel units , guest laundry, workshop and storage room.

Units 1, 2, 3 and 4 are attached to the owners home and the motel units are double glazed and serviced by infinity gas units to each motel.

Units 5,6,7 8 & 9 are situated on the northern side of the large approximately 1484m² site, have single glazing, and are serviced by individual electric hot water cylinders.

Motel Configuration:

  • 4 x Studio units (Northern complex)
  • 3 x 1 Bedroom units (Southern complex)
  • 1 x 2 Bedroom unit (Southern complex)
  • 1 x 3 bedroom unit (Northern complex)
  • 4 x bedroom owners house and office (Southern complex)
  • (The downstairs comprises the office, lounge, dining , kitchen, bathroom and toilet, the upstairs comprises 2 double and 1 single bedrooms and a bathroom and separate toilet)

The owners are currently upgrading the bathrooms in units 5, 7 & 8 and these will be completed prior to settlement.

The roof of the complex has been replaced and is relatively new.

In the last 12 months this motel complex has averaged $30,000 plus GST revenue per room and profit before depreciation is approximately $17,500 per room.

The purchase price of $1,450,000 as a freehold going concern is plus GST if any, but as a going concern business, the GST would be zero rated.

The live-in owners of this freehold going concern are overdue for retirement, and want this sold today, so please contact Adrian urgently to view this significant Invercargill Motel complex.

Property Ref: 26689

For more info
Contact: Adrian Chisholm

Adrian Chisholm

021727888
Business Hours
Tourism Properties.com
Licensed REAA 2008
Broker Ref: 26689

Interested In This Opportunity?

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