EXCELLENT MOTEL BUSINESS OPPORTUNITY

Tauranga

$850,000

Proposed Usage
Hotel & Leisure
Floor Area
1.00 m²
Description:
Property ID
1c2ygxx

• Comprised of well-presented 19 guest rooms plus large conference facilities
• Owner accommodation is comprised of three spacious bedrooms upstairs
• Final Lease expiry is 31 January 2051, exceptional 33 years to go
• Rent pays ideally only one third of sales revenue (33%)
• Occupancy was approx 70% during 2018 financial period
• Well-maintained building and well-presented guest rooms and very profitable business
• The prospective buyers are required to sign the "Confidentiality agreement" to receive the lease and financials
• Asking price $850,000 +stock
• Contact Chris Park for more information and for a viewing

Enquire about this property

Tauranga Area