New Plymouth New 5 Star Motel Develpoment - This has been worth waiting for!

Property Name: Hobson Luxury Accommodation
Address: Cnr Hobson & Leach Streets, New Plymouth
Property Type: Motel
Sale Type: Freehold Going Concern
Price: Lease, Freehold & FHGC options below
Region: Taranaki

We are privileged to bring to the market an exciting new build in New Plymouth, impressive design, impressive fitout and impressive location all in one package, there's only one word for it, IMPRESSIVE!

You will be blown away once you see the design and intended fitout of the rooms, the purpose built conference centre, the swimming pool for relaxation and the three bedroom owners accommodation that complement the 36 units all with their own views.

New Plymouth has been identified as being in an under supply of accommodation options positioned at the top of the market and this will all change upon completion of this fully air conditioned, double glazed luxury accommodation building.

Situated on one of the main thoroughfares, with existing accommodation businesses around the complex, the location is already a well proven one and is only a short walk into the CBD area. The new build is being timed to open before the Rugby World Cup and would provide some much needed accommodation during this Global Event.

We are offering a range of options for purchases at the outset of this campaign, with a new long lease with the ability to work alongside of the developers and have input with them so you get the best business at the very start as option 1. Following on from this option, we would then offer the passive investment role to become the landlord based on an 8.5% return on investment, or thirdly, the Freehold Going Concern turnkey operation once the building is completed.

Expressions of interest can be made through this website and an information brochure will be forwarded upon request.

Option 1:

The Business (chattels, goodwill and the benefit of a 35 year lease).

*     5 Star chattels with an estimated value of $750,000

*     Plus a consideration for the benefit of the lease

Asking Price:  $975,000 - reduced to sell!

Option 2:

Freehold Investment (The Land & Buildings)

*     Based on an 8.5% return

Asking Price:  $7,200,000

Option 3:

Freehold Going Concern ( combination of the two options above).

Asking Price:  $8,175,000 - Motivated vendors who are keen to make a start!

Prices are negotiable - please contact the Vendor's Agent to discuss.

Contact

For more information, please contact Marty Easton on 021 688 819, marty@resortbrokers.co.nz

Downloads

Confidentiality Agreement Hobson St.pdf (203.30 KB)

Hobson St Development Investment Summary Mar 10.pdf (1 013.34 KB)

Motel finishes and fittings list.pdf (20.72 KB)

Motel Proposal.pdf (480.48 KB)

Motel Development Preliminary Design.pdf (3.03 MB)

Hobson Title.pdf (102.13 KB)

Hobson Planning Map.pdf (1.45 MB)

View Larger Map | Please note, the location shown may not be exact