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BK's Palm Court Motor Lodge

$429,000

Business East Coast

ID: 1691

BK's Palm Court Motor Lodge

Property Name:
BK's Palm Court Motor Lodge
Address:
671 Gladstone Road, Gisborne
Property Type:
Motels
Sale Type:
Business
Price:
$429,000 
Region:
East Coast
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Brent Hannah

Brent Hannah

Broker | Hawkes Bay, Gisborne, Wellington

M: +64 21 359 678

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

Reasons to buy

  • A member of a strong referral group of like motels
  • A substantial refurbishment of the complex is about to be undertaken by the Landlords
  • Spacious three bedroomed owners accommodation

Brent Hannah

Broker | Hawkes Bay, Gisborne, Wellington

Contact Agent

Brent Hannah

Mob: +64 21 359 678

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

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Opportunity Knocks Here

 

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

The complex consists of 15 spacious units of various configuration, offering accommodation to a diverse clientele.

A substantial refurbishment and redecoration of the units is intended in the immediate future.

The motel is located close to the City center with popular restaurants cafes and bars and two championship golf courses are only a few minutes drive away.

This is a modern, low maintenance motel, enjoying profitable trading results and achieving an excellent return on the investment.

Approximate Yield:

25 %

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, Wellington

M: +64 21 359 678

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

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