Listing #:1503637344

Waikanae Beach Motel FHGC for sale in Gisborne

Location: 19 Salisbury Rd, City Centre, Gisborne, Gisborne
Property use: Hotel/Leis­ure
Floor area: 1m2
Price: Asking price $1,800,000
Property ID#: EHJ086
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 on 021 024 23141 or by email to: ross@tourismproperties.com

Agency reference #: THL-26978
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Asking price: $1,800,000
19 Salisbury Rd, City Centre, Gisborne, Gisborne
Asking price: $1,800,000
Listed: Mon 18 May, 2:39 pm
Ross Larsen
TourismProperties.com, Licensed Agent (REAA 2008)
  • Contact details
  •  (021) 02423141
  •  (021) 02423141

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Ross Larsen
  •  (021) 02423141
  •  (021) 02423141
TourismProperties.com, Licensed Agent (REAA 2008)
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Expires: Mon 23 Jul, 10:16 pm
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