Ad ID: 60878 Inactive

B&B Apartments for Sale Raglan Waikato

The sale of this unusual and fantastic accommodation business in Raglan is for sale as a Freehold Going Concern ( on leasehold land)

Location:

Business for Sale Description

B&B Apartments for Sale Raglan Waikato

You won't want to miss this amazing opportunity to purchase this unique property, successful business and super lifestyle!! Imagine living and working a stone's throw from the sea.

The stylish Apartments,  are a unique property, successful business and super lifestyle.

Enjoying spectacular views of Raglan Harbour and surrounds, The apartments are literally a stone’s throw from the water. Guests can swim, fish and kayak; relax on the outdoor deck and courtyard areas; watch harbour activity, or launch their own boat from the doorstep.

The Raglan Wharf complex houses renowned boutique shops and eateries. A leisurely 10 minute stroll along the waterfront (1 minute by car) takes you to the rest of vibrant Raglan’s shops and cafes.

Business Resources

What’s the Deal? The 5 apartments are on one title, on land leased from the local council. The lease is 21 years, renewable in perpetuity, and the rent is modest. The vendors have previously lived in the apartment and rented out the other 4, through Bookabach and their own website.

They now choose to live on their yacht in the harbour and rent out all five apartments. The complex could also suit full management for a passive investor. Really, the choice is yours. Rack rates range from $175 to $350 a night for 2. In our view, the current rates are below market and the property is under-marketed, with no presence in on-line booking sites such as booking.com.

Potential business growth: There is huge potential business growth available here. Moreover, for the entrepreneurially- minded, there is space for another 4 apartments!

We are offering the freehold going concern on leasehold land for offers over $2m (+ GST if any). So for the price of a house in Auckland, The apartments offers a spacious, stylish home in a great location with revenue from four cool apartments. It’s a no-brainer!

Don't miss out contact me now for comprehensive property listing details or to arrange an inspection of the unique and amazing property.

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