Freehold, Freehold, Freehold Motel!Listing: #HC00131
About this Business for sale in WhakataneFreehold, Freehold, Freehold Motel!
The Livingston Motel is a classy and sizeable property that was built in the mid-1990s and sits on a 2538 square metres of prime Whakatane land.
This offering will suit an astute investor looking to maximise on an excellent initial ROI coupled with enormous future potential.
- A solid and very lengthy lease is currently in place
- Set on 2538 m² of land
- Well presented and maintained property
- Offering a fair ROI
- A future-proofed investment
All 15 ground floor suites are very spacious, and most offer the luxury of either private spa pool or spa bath. The significant, detached 2 storey, 3 x bedroom, 2 x bathroom owners' quarters is a real bonus.
The Livingston Motel is low maintenance with brick cladding, aluminium joinery and a high pitch, colonial-style metal tiled roof. The presentation throughout is very good with every aspect of maintenance addressed to an excellent standard.
Freehold motels of this size, quality and location do not come to market very frequently.
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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.