Link Business
*** SOLD ***

Bank this Motel Freehold | Selling by Way of Tender Closing 30 September, 5 p.m. Unless Sold Prior

Listing: #EL02790

Lindsay Sandes

Broker | Auckland - Ellerslie

Lindsay Sandes

lindsay.sandes@linkbusiness.co.nz

+64 9 555 6003

+64 21 895 940

This listing is no longer taking enquiries as it is SOLD

About this Freehold for sale in Hamilton

Bank this Motel Freehold | Selling by Way of Tender Closing 30 September, 5 p.m. Unless Sold Prior

Over many years, motel freehold assets have provided low risk, secure investments for numerous investors. A superb, well constructed and well maintained Freehold has unexpectedly come to the market and is definitely bankable.

Forget low to sub 0% bank interest rates as this will out-perform the bank. Key factors to influence your strong offer by way of tender unless sold prior -

  • Waikato
  • 22 rooms, and significant owners residence
  • Built 2006 on 2418 sq mtr site
  • Lease expires November 2051
  • Rent $240,000 + gst
  • Maintenance account 3%
  • Rent reviews 3 yearly

The lessee is an experienced operator with long term, secure business and Government contracts. Occupancy is strong  and rent has been paid on time, every time. A strong lessee making for a solid passive investment.

Tenders closing 5.00pm, Wednesday 30 September 2020, unless sold prior

Talk to the vendors Exclusive agent and Links accommodation specialist, Lindsay Sandes

Please assist with completing the  “Enquire Now” button to complete an online confidentiality agreement.

Lindsay Sandes, 021 895 940, lindsay.sandes@linkbusiness.co.nz

 

***Some details of the Freehold 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 Freehold a stock photo image may be used to represent the business.

Auckland - Ellerslie
lindsay.sandes@linkbusiness.co.nz
+64 9 555 6003
+64 21 895 940

Lindsay Sandes

Enquire Now
This listing is no longer taking enquiries as it is SOLD

*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.