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Waipu Clansman Motel/Restaurant

$945,000

Freehold Going Concern Northland

ID: 1723

Waipu Clansman Motel

Property Name:
Waipu Clansman Motel/Restaurant
Address:
30 Cove Road, Waipu
Property Type:
Motels
Sale Type:
Freehold Going Concern
Price:
$945,000 
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

·         Freehold going concern for sale

·         Only 90 minutes drive (approx) from Auckland

·         Option to keep the land and buildings and sell the business

·         Business includes restaurant and bar

·         Mortgagee Sale – wants sold by December 2018

·         Small to mid-sized property and business investment combined

·         Good fit for market

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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There are two main buildings with the single storey western structure housing 6 spacious motel units and the guest laundry.  The eastern three storey structure contains the 2 bedroom owners apartment, bar/restaurant/commercial kitchen, reception, and the "lodge" (being five smaller rooms with a common bathroom).

Whilst the property is in reasonable condition it has had a 'soft upgrade' but would benefit from some further refurbishment and new chattels over time – remembering that this business is not upmarket so you can afford to keep the expenditure to modest levels.

The existing business is growing under management and an owner-occupier could take this to the next level.

The potential is real to improve the infrastructure without requiring a substantial sum of money and grow the business through clever marketing and a personal touch.

The land is freehold and extends some 1644 square metres over two titles.

Mortgagee wants out by December 2018.

This property is being sold under instruction from the Mortgagee.

 

 

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
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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