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Whangarei Motel

$560,000

Business Northland

ID: 1713

Whangarei Motel

Property Name:
Whangarei Motel
Address:
, Whangarei
Property Type:
Motels
Sale Type:
Business
Price:
$560,000 
Region:
Northland
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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

  • Very well presented
  • 64% occupancy for the year ending 31/03/2018
  • Great reviews and guest comments

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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This motel will appeal to purchasers seeking a well presented and established business with consistent profits.

All the rooms are very spacious with quality chattels which certainly adds to the guest comfort here.

Top ratings and reviews are given by various bookings agents.

This is a medium to large property and has a two bedroom owners home.

Lease commenced on 23rd Jan 2004 and extended till 30th June 2046.

The business has an excellent bottom line and a working owner could easily make a return of 23%.  This motel would also suit a couple with a family.

Approximate Yield: 23 %

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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