nzbizbuysell.co.nz/91075
Ad ID: 91075

Passive Investment - Freehold Motel and Hotel for Sale Waiouru

Freehold Investment, Motel Hotel 14% Yield

Location:
Asking:
$640,000

Business for Sale Description

Passive Investment - Freehold Motel and Hotel for Sale Waiouru

The Freehold interest of Oasis Hotel, Motel and Cafe land and buildings are selling - a passive investment offering a 14% yield.

This purpose built Hotel and Motel complex located on opposite sides of State Highway 1 in Waiouru has undergone recent changes to offer a modern café, bottle store, full lounge bar, dining room and pool table areas as well as retaining the original hotel rooms, commercial kitchen and owners accommodation. The solid brick motel encompasses 6 motel units.

The current lessee caters to passing traffic, overnight guests as well as the local army base personnel.

Annual rent rent $90,434 + gst

Oasis Hotel 3136 m2 land area

Oasis Motel 1,012 m2 land area

Zoned commercial

Yield – a staggering 14%, a sound investment

Lease term 4 years, solid lessee and always on time with rent.

NBS 60% , grade C

Passive investment

Ohakune and Tongariro World Heritage National Park is a key tourist destination and attracts consistent domestic and international tourist visitors. From Tongariro Crossing to all winter and summer outdoor attractions, this area is famed for all it offers. This steady trade provides consistent patronage at this complex

Freehold  land and buildings price $640,000

Lindsay Sandes 021 895 940, Links accommodation specialist

To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.


***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business

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Link Business Broking Ltd
For more info
Contact: Lindsay Sandes

Lindsay Sandes

021 895 940
Link Business (Ellerslie)
Licensed REAA 2008
Broker Ref: EL02544

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