Waikanae Beach Motel FHGC for sale in Gisborne

  • Asking price: $1,800,000 Or Near Offer
  • Listed: Sun 24 Dec, 10:11 am
  • Watchlist
Listing #: 1501394169
Location: Gisborne
The Waikanae Beach Motel in Gisborne is for sale as a Freehold Going Concern (FHGC).

This Motel complex is located across the road from Waikanae Beach on the very popular beachfront Salisbury Rd in Gisborne. It is within an easy walk to the City centre and close to restaurants clubs/ cafes, golf course, and virtually anything else that is centrally located in Gisborne.

This desirable complex provides 16 spacious units, (all self contained with kitchen facilities) and comprises 7 x studio units, (6 x ) 1 x bedroom units & (3 x ) 2 x bedroom units PLUS a delightfully spacious & comfortable 2 x bedroom manager’s / owner’s accommodation.

This all sits on an excellent level site of 2,023 m2 which has a CV of $1.65m. Therefore, you can see the value here as the business is also included in the asking price.

The units were built / modernised in 3 stages from 1967 through to an additional 2nd story which was added in 1986. In the interim period, a regular annual maintenance programme has been following which means the units are all clean, tidy & very well presented.

The current owners have run this motel for 20 years, and have therefore decided it’s time to move on into retirement. Hence the land & buildings, as well as the business is for sale as a combined FHGC. This opportunity would suit an owner operator, or lend itself to being managed or even leased.

Notwithstanding the current presentation & profitability, there are always opportunities for a fresh set of eyes to consider improvements.

Take a look at the documentation on offer via the ‘Documents' tab, and once you have registered, including the electronic signing of the confidentiality clause, you will be allowed to download the documents to consider your options.

For more public information please take a look at the Waikanae Beach Motel website: http://www.waikanaebeachmotel.co.nz/index.html

Alternatively you may contact the Business Broker, Ross Larsen by phone 021 024 23141 or by email to: ross@tourismproperties.com

Agency reference #: THL-26978

Agent's details

Ross Larsen
  •  (021) 02423141
  •  (021) 02423141

Email the agent

Log in or register to email the agent.
Expires: Mon 29 Jan, 12:39 pm
Page Views