Ad ID: 66444

Motel Freehold Going Concern Motels for Sale Bay of Islands

23 unit motel for sale as Freehold Going Concern. Excellent opportunity as Vendors reluctantly have decided they must sell their dream property "as is" The new owner can pick up on this work

Location:
Asking:
$1,290,000
+GST

Business for Sale Description

Motel Freehold Going Concern Motels for Sale Bay of Islands

Freehold Motel for sale now in beautiful Bay of Islands location Northland New Zealand - Opportunity knocks!

About this motel for sale history:

Only 18 months ago a couple bought a very run down former accommodation business.They had a vision to make this property a stunning Flashpackers/motel combo.

The hard work commenced, the property gutted, new wiring throughout, new smoke detectors, integrated sprinkler system, fire doors on all guest rooms. Fresh paintwork, new carpeting and bathrooms being upgraded then Fate intervened - illness struck.

Now reluctantly the owners have decided they must sell their dream property “as is”. The new owner can pick up on this work in progress and add their own touches for a profitable finished product that will have both local and international appeal. So if you have vision and like the idea of making this blank canvas your own, here is your opportunity.

You will start with a 23 room property located on the banks of the River
just a few steps from the spectacular,picturesque and historic horse-shoe shaped Falls. This idyllic spot is an absolute magnet to tourists from around the world and five minutes drive to the tourist hot spot.

This is a huge property on a 3846sqm (more or less) of land.

All guest rooms plan to have new en-suite bathrooms with modern fittings. Some already completed.Some furnishings will be included but for the most part the new owners will decide decor and theme.

Here the possibilities are only limited by your imagination as it could be Backpackers, a more up market ‘Flash packers”, a motel, a lodge or a Health Spa. You could sell the business and retain the freehold as an investment - endless possibilities, your choice. (Council approval may be required for change of use)

Business Resources

More about this amazing and exciting motel for sale - Be quick Act Now!

Apart from 23 en-suite guest rooms there is a large entrance foyer, a dining area, large lounge and huge deck all looking out to the lovely rural river setting. There are two adjoining very large kitchens with pantry storage and ovens which could be utilised by backpackers,motel guests or run on a more formal basis for restaurant dining. Owners’ accommodation is spacious 3 bedrooms on the first level with deck outlook over the river.

Bring your energy and imagination and prepare to get to work. The rewards will be worth it.

Obviously this is a property you will need to inspect to gauge the potential and we urge you to do this quickly.

Attention Motel new buyers:There is an element of urgency to this sale so contact the brokers now or better still register your interest on line. There are no Financials as the property is not currently operating while renovations in progress.

Motel selling price for Freehold Going Concern: Selling for $1.290, 000 plus GST (if any) – land, buildings, chattels and “work in progress"

We welcome your questions.

Interested In This Opportunity?

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Tourism Properties.com
For more info
Contact:

Adrian Chisholm

021 727 888
Tourism Properties.com
REAA 2008

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