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Adelaide Motel

$820,000

Business Wellington

ID: 1668

Adelaide Motel

Property Name:
Adelaide Motel
Address:
209 Adelaide Road, Newtown, Wellington
Property Type:
Motels
Sale Type:
Business
Price:
$820,000 
Region:
Wellington
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Brent Hannah

Brent Hannah

Broker | Hawkes Bay, Gisborne

M: +64 21 359 678

brent[at]resortbrokers[dot]co[dot]nz

Reasons to buy

  • Prime location
  • Excellent Trading Results
  • Long Lease Tenure

Brent Hannah

Broker | Hawkes Bay, Gisborne

Contact Agent

Brent Hannah

Mob: +64 21 359 678

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

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POSITIVELY WELLINGTON

Adelaide Motel is located within approximately 500 metres of the Wellington Hospital and derives a large portion of its high occupancy from this source.

The motel is conveniently situated 2k's from the City centre, walking distance from other hospitals, the Basin Reserve sports ground, Wellington School of Dance, and the many cafes and restaurants in the vibrant Newtown area.

The motel units have recently had substantial upgrading, and provide comfortable and affordable accommodation.

Approximate Yield: 21 %

 

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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Brent Hannah

Brent Hannah

Broker | Hawkes Bay, Gisborne

M: +64 21 359 678

brent[at]resortbrokers[dot]co[dot]nz

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