Listing #:1006541782

LEASEHOLD MOTEL FOR SALE

Location: Opotiki, Bay Of Plenty
Looking for a lifestyle with home & income………

This tidy, busy 13 unit motel located in sunny Opotiki is just right for those looking for semi retirement or a first venture into the accommodation industry. Comfortably managed by one without difficulty at present – a breeze to run by two. The vendor has overhauled the business and brought the motel into the twenty first century, and has almost completed the full refurbishment, continuously upgrading over the past 6 years. With room to further develop the business the purchaser will be able to benefit from the achievements that have breathed a new life into the motel. With good return business the clientele is a mix of tourists, corporate, domestic and contractors and serves a niche market. One of three motels in town translates into a ready market.

The complex occupies a large corner site and consists of 13 units, six studio, six one bedroom and one two bedroom family unit. The units are all on one level and stand in blocks of two, three and four units distributed around spacious grounds lending a very relaxed and free atmosphere. Three bedroom residence with spacious living allows access to office. Separate double garage. Separate motel kitchen, laundry utility and storage rooms.

• New LG flat screen TVs throughout.
• Brand new office computer suite August 2014.
• Wifi internet - super boosted router installed.
• Resbook online reservation system, and Xero online accounting.
• Opposite Opotiki I-Site
• Park with childrens play area opposite

The 23 year lease(15yrs remaining) offers a good value business at a reasonable cost. Vendor selling due to changing personal and family circumstances.

PRIVATE SALE - All enquiries welcome. Contact the vendor ph: 07 315 8490. Financials available on application after signing confidentiality agreement.
Asking price: $350,000
Listed: Mon 28 Dec, 3:47 pm
Seller'sdetails
Member since Sep 2007

Advertisement

Seller's details

  • 100% positive feedback
  • Member since Sep 2007

Email the seller

Log in or register to email the seller.
Expires: Fri 28 Dec, 8:50 am
Page Views
17459