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Motel Oasis

$590,000

Business East Coast

ID: 1686

Motel Oasis

Property Name:
Motel Oasis
Address:
5 Sponge Bay Road, Gisborne
Property Type:
Motels
Sale Type:
Business
Price:
$590,000 
Region:
East Coast
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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

  • 30 year lease term
  • The business continues to grow, resulting in excellent financial returns
  • Spacious three bedroom owners home with private outdoor living

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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GROUND FLOOR OPPORTUNITY

Gisborne sits on the sweeping coast of Poverty Bay, surrounded by rich horticultural lands, vineyards and beautiful surf beaches.

The complex consists 15 spacious units and a conference facility, all air-conditioned, very well appointed with quality chattels.

The units look out onto the feature solar heated swimming pool and the spacious landscaped gardens with palms and pleasant surroundings.

Power consumption supplemented by 10Kw 36 panel solar array significantly reducing power costs.

In this relaxed sanctuary, guests enjoy the rural outlook, yet are only 5 minutes from the city centre. The renowned Gisborne beaches are in close proximity.

Outstanding customer/client reviews support this excellent business.

 

Approximate Yield:

24%

 

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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Print + Watchlist View Similar Listings
Enquire Now
Brent Hannah

Brent Hannah

Broker | Hawkes Bay, Gisborne

M: +64 21 359 678

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

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