Ad ID: 44519

Motel for Sale Gisborne

Freehold Going Concern motel sale in beachfront location. This is a very attractive and desirable complex. Guests just walk across the road from the beach. Definately one to further investigate!

Location:
Asking:
$1,650,000
+GST

Business for Sale Description

Motel for Sale Gisborne

 

This Motel complex is located in a very prime location. It is within an easy walk to the City centre and close to restaurants clubs/ cafes, golf course, and virtually anything else that is centrally located in Gisborne. Naturally, if you prefer to go surfing, then simply walk across the road right onto the beach to enjoy some of NZ’s best surfing conditions. Located where it is, makes this motel a very popular tourist destination.

This desirable complex provides 16 spacious units, (all self contained with kitchen facilities) and comprises  7 x studio units, (6 x ) 1 x bedroom units & (3 x ) 2 x bedroom units PLUS a delightfully spacious & comfortable 2  x  bedroom manager’s / owner’s accommodation.

This all sits on an excellent  level site of 2,023 m2 which has a CV of $1.65m. Therefore, you can see the value here as the business is also included in the asking price.

The units were built / modernised in 3 stages from 1967 through to an additional 2nd story which was added in 1986. In the interim period, a regular annual maintenance programme has been following which means the units are all clean, tidy & very well presented.

The current owners have run this motel for 20 years, and have therefore decided it’s time to move on into retirement. Hence the land & buildings, as well as the business is for sale as a combined FHGC. This opportunity would suit an owner operator, or lend itself to being managed or even leased.

Notwithstanding the current presentation & profitability, there are always opportunities for a fresh set of eyes to consider improvements.

Business Resources

 

Gisborne is the most easterly city in the world and is therefore ‘world famously’ the first city to welcome the rising sun every day. Following a glorious sunrise, your day can then be spent enjoying excellent surfing breaks, virtually perfect swimming beaches and miles of untouched & raw coastline. Gisborne is well recognised as a chardonnay producer with a number of award-winning boutique wineries who produce world-class wines.

In addition there are hot springs, historic wharf at Tolega Bay, & the Eastwoodhill Arboretum nearby, plus numerous adventuring activities including horse trekking, bush walks, fresh water fishing for trout, deep sea  fishing plus diving & snorkelling. A large number of business folk come to Gisborne for conferences / training sessions and these folk make up a large part of the bookings.

The very popular annual Rhythm & Vines festival ensures bookings are often made 12 months in advance.

Please don't delay in contacting me about this FHGC sale. We specialize in helping buyers and sellers of motels throughout New Zealand and we are happy to help you.

Interested In This Opportunity?

Email To A Friend / Myself

 

Similar Business Opportunities:
Motels for Sale Gisborne
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Tourism Properties.com
For more info
Contact:

Adrian Chisholm

021 727 888
Tourism Properties.com
REAA 2008
Broker Ref: THL-26978

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