Freehold Going Concern MotelListing: #EL02546
About this Freehold Going Concern for sale in Central North Island AreaFreehold Going Concern Motel
Freehold Going Concern Motel offering circa 17% yield
Twin Rivers Motel and adjacent guest house present beautifully as the owner has kept this delightful motel current with all maintenance requirements. Very few motel FHGC's compare with such a strong yiled as this, however sadly, the owner must depart for a new chapter in life after 15 years as owner operator.
Available for immediate possession, wise investors will act quickly to secure this opportunity. Year on year sales increases are evident, and continue to increase due to location, popularity of the motel and facilities and the vast infra structure works in the Ruapehu Taumarunui region. This property attracts leisure and corporate business.
- 3 bedroom guest house, land parcel circa 813m2
- Motel, land parcel circa 1176m2
- 12 units of studio, 1 and 2 bedrooms
- Year on year sales growth
- FHGC Yield 17%
Take advantage of the regional growth, retain the residential guest house as part of the motel operation, or sell down and capitalise on resale values.
This opportunity may suit entrants to the motel industry seeking land, buildings and business with owners accommodation. Taumarunui is a central hub for commercial and tourism business - Bridge to Nowhere, Forgotten World Adventures, Whanganui River trips, entrance to Tongariro National Park.
Asking $890,000 + gst if any for the FHGC- land, buildings and business.
Contact Lindsay Sandes 021 895 940, Links accommodation specialist
To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business
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*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.