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Wiritoa Lakes Motel

$650,000

Freehold Going Concern Manawatu - Wanganui

ID: 1671

Wiritoa Lakes Motel

Property Name:
Wiritoa Lakes Motel
Address:
3 Kaitoki Road, Whanganui
Property Type:
Motels
Sale Type:
Freehold Going Concern
Price:
$650,000 
Region:
Manawatu - Wanganui
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Kamal Sharma

Kamal Sharma

Broker | Northland-Nth Shore/West Akld

M: +64 22 0515 782

kamal[at]resortbrokers[dot]co[dot]nz

Reasons to buy

·         motel land area 9,498 square metres more or less

·         included in the sale is a separate section across the road, 1,191 square metres more or less

·         13 x motel units - 10 studios and 3 family units

·         3 x powered camp/caravan sites

·         4 bedroom owners home

·         3 car garage

·         Situated approximately 5km's from Whanganui City Centre on SH3

Kamal Sharma

Broker | Northland-Nth Shore/West Akld

Contact Agent

Kamal Sharma

Mob: +64 22 0515 782

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

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"Project" - Freehold Going Concern

Not often does a Freehold Going Concern (land, buildings, and business) come on the market at this price level.

The trading results over the last few years leave room for improvement. However, there is no reason why an energetic couple who are prepared to work hard and perhaps inject some capital into improvements/alterations, could not turn this business into a more profitable operation.

In addition to the 13 motel units, there is ample land area which could be used to accommodate additional caravan sites, subject to usual council consents.

If you are looking for a "project" and a challenge then this property could be worth further consideration.

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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Kamal Sharma

Kamal Sharma

Broker | Northland-Nth Shore/West Akld

M: +64 22 0515 782

kamal[at]resortbrokers[dot]co[dot]nz

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