Freehold Investment, Motel Hotel 14% YieldListing: #EL02544
About this Freehold for sale in Central North Island AreaFreehold Investment, Motel Hotel 14% Yield
The Freehold interest of Oasis Hotel, Motel and Cafe land and buildings are selling - a passive investment offering a 14% yield.
This purpose built Hotel and Motel complex located on opposite sides of State Highway 1 in Waiouru has undergone recent changes to offer a modern café, bottle store, full lounge bar, dining room and pool table areas as well as retaining the original hotel rooms, commercial kitchen and owners accommodation. The solid brick motel encompasses 6 motel units.
The current lessee caters to passing traffic, overnight guests as well as the local army base personnel.
- Annual rent rent $90,434 + gst
- Oasis Hotel 3136 m2 land area
- Oasis Motel 1,012 m2 land area
- Zoned commercial
- Yield – a staggering 14%, a sound investment
- Lease term 4 years, solid lessee and always on time with rent.
- NBS 60% , grade C
- Passive investment
Ohakune and Tongariro World Heritage National Park is a key tourist destination and attracts consistent domestic and international tourist visitors. From Tongariro Crossing to all winter and summer outdoor attractions, this area is famed for all it offers. This steady trade provides consistent patronage at this complex
Freehold land and buildings price $640,000
Lindsay Sandes 021 895 940, Links accommodation specialist
To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.
Note: Due to the confidentiality of this business stock photo Images may be used to represent the business. Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and completion of a Confidentiality Agreement. Please contact the broker for further details.
+64 9 555 6003
+64 21 895 940
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.