Entry level Motel, Returning $70k to 1 Owner!
Tokoroa, South Waikato
- Proposed Usage
- Tourism & Hospitality
- Property ID
Are you sick of motels with asking price over $500k even 1-2 million? Too much financing costs and bank assessments. Here is a good opportunity for investors/owners operators with no experience nor much initial funds. It is totally an ideal entry level motel to start.
Located in South Waikato, a 7-Unit motel without much road noise is available for sale. Currently, it is managed by a husband and wife team without any staff. No labour cost means higher returns to the vendors.
Some snapshot of the motel are:
• Approximate $70K cash surplus to a working owner
• Rent only a quarter of the turnovers
• 30 years long lease
• Simple operation, easy to run
• Regular customers base, steady income
• Lifestyle property with substantial retained profits
• Friendly landlord
• Good potential to grow the business
If you want to start your accommodation but limited fund, this is you number one choice. Contact you motel broker Paul Lu for further details.
To find out more, go to www.linkbusiness.co.nz/BPW00863
and press the “Enquire Now” button to complete an online confidentiality agreement.
***Some details of the business 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 business a stock photo image may be used to represent the business.