Ad ID: 98768

Freehold Motel for Sale Coromandel

High Yield Freehold Motel

Land, Buildings and Business $5,900,000

Business for Sale Description

Freehold Motel for Sale Coromandel

This complex is a rare opportunity to acquire a gold star freehold business in a superb location.

Freehold Going Concerns are rare indeed and this one is particularly appealing as it is showing an excellent return and caters for a diverse clientele.

The property is set over 5,068 sqm and comprises a 24-unit motel complex with an ancillary flash backpacker complex, conference room, spacious 3 bedroom owners\' home and an in-ground swimming pool, plus two additional over flow residential properties.

Built mainly in the early 2000\'s this airconditioned complex is presented in excellent condition and the bonus is this could be split later into a passive investment by selling off the business lease or continue running the business under management.

Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.

We would welcome your enquiry on the Land, Buildings and Business of this Motel for sale in Coromandel via our website or by phoning MATT D\'ANVERS on 0800 263339, DDI 07 561 4213 or 021 935 670.

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Contact: Matt D'Anvers

Matt D'Anvers

Matt D'Anvers
021 935 670 or 07 561 4213
Coffeys Tourism Property Brokers Ltd
Licensed REAA 2008
Broker Ref: 0239