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Redwood Lodge Motel

$179,000

Business Manawatu - Wanganui

ID: 1306

Redwood Lodge Motel

Property Name:
Redwood Lodge Motel
Address:
368 Oxford Street North, SH 1, Levin
Property Type:
Motels
Sale Type:
Business
Price:
$179,000 
Region:
Manawatu - Wanganui
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Paul Sanson

Paul Sanson

Broker | Manawatu, Whanganui, Wellington, Wairarapa

M: +64 27 903 4267

paul[at]resortbrokers[dot]co[dot]nz

Reasons to buy

21 year lease tenure remaining

Strong corporate clients - huge repeat business

3 bedroom spacious owners home

Paul Sanson

Broker | Manawatu, Whanganui, Wellington, Wairarapa

Contact Agent

Paul Sanson

Mob: +64 27 903 4267

Email: paul[at]resortbrokers[dot]co[dot]nz

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  • Enjoy Family and Business

Complex:

11 Units

Configuration:

4 bedroom, one bedroom, superior studio, family studio and custom studio. All self contained

Owner’s Accommodation:

3 bedrooms, 2 living rooms 1920-30 character.

Age:

Approximately 40 years

Features:

A very tidy motel with a spacious owners house and lovely grounds.
The motel enjoys a good number of loyal corporate clients and other repeat business.
The net profit is steady year in year out. There is potential to increase the bottom line with more use of the internet booking systems and reduction of the wages through more involvement with the house keeping of the units.
This is a nice motel, it is possibly one of the cheapest motels for sale in NZ and is doing good steady business.
Inspection and/or further inquiry is highly recommended. 

Lease:

21 years remaining (The Vendor has indicated a willingness to extend the term of the lease for a new owner)

Further Information:

Download, sign and return a confidentiality agreement - select the document tab above the main photo

Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

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Paul Sanson

Paul Sanson

Broker | Manawatu, Whanganui, Wellington, Wairarapa

M: +64 27 903 4267

paul[at]resortbrokers[dot]co[dot]nz

Confidentiality

To access information about this listing please follow the link below and complete the Confidentiality Agreement Form.

Confidentiality Agreement Form

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