Broker | Balclutha, Dunedin, Invercargill, Oamaru, Timaru
A rare opportunity to own an Invercargill freehold going concern 9 unit motel.
These well maintained and comfortable units, separate 3 bedroom owners home and office are all centrally heated and all located on the ground level. There is ample parking for guests as well as good storage for the new owner.
The units vary in accommodation from a studio one bedroom through to a 3 bedroom free-standing unit. This gives the new owners the opportunity to satisfy the requirements of a range of guests.
The units have also been recently renovated and the exterior of the complex recently painted.
Yarrow Motel runs with good occupancy from a variety of guests including corporate and tourists with good growth expectancy.
The motel is situated close to the city centre and is within walking distance to shops and restaurants. Invercargill is a growth city with residential figures of over 11% last year.
Being the southernmost city in New Zealand with growing tourism and expanding educational facilities as well as local attractions make this an attractive city to both work in and live.
Invercargill is experiencing multi-million dollar investment in the CBD.
Approximate Yield: 12%
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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