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Te Awa Motel

$650,000

Freehold Investment Manawatu - Wanganui

ID: 1673

Te Awa Motel

Property Name:
Te Awa Motel
Address:
95 Putiki Drive, Wanganui
Property Type:
Motels
Sale Type:
Freehold Investment
Price:
$650,000 
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

  • New 35 year lease in place
  • 7% Return on Investment

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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7% Return on Investment

The motel business was sold in December 2017 with the benefit of a new 35 year lease.  The starting rent is $45,000 plus GST per annum with two yearly rent reviews based on CPI and market rent on alternate reviews.

 This impressive motel offers 7 one bedroom, refurbished and tastefully decorated, units.

The business owners accommodation is a spacious three bedroom home with extensive views of the city and the Whanganui River.

The total freehold land area is 1,864m2 (more or less).

All the units face the west which maximizes the afternoon sun and there is a sundeck outside the units.

The occupancy stats make good reading and the motel is trading well.

The motel is a short distance to the city, restaurants and the Whanganui River Boat.

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

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