Restored Back to New
A Recently Sold Listing
Sold By McCrae Real Estate
New to the market don't hesitate enquire today. 12 Unit Motel - 6 Studio, 6 One Bedroom located near public hospital on a main thoroughfare into Whanganui. Easy to managed with first class presentation throughout, all chattels owned & near new. "Lockdowns" have not held this motel business back operating with an occupancy of 80%. Only corporate and travelling guests accepted..
Separate motel laundry new drier has been installed. Linen sheets cleaned & hired from laundry company. Vendor after a short ownership and completed refurbishment of the units plus the home. The business is on the market at a realistic price. The stage is set to increase turnover. Here is the opportunity to just buy and run the business, no deferred maintenance.
Rental is fixed until February 2023. Lease term 21 years expires 31st January 2040. Ideal as a first motel business or experienced moteliers. Buyers looking for a sound motel business with potential to increase turnover must take the time to inspect Fiesta Motel you will not be disappointed.
Details
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Units: 12 Units
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Listing ID: m811
Malcolm McCrae
Malcolm McCrae is the principal of McCrae Real Estate Limited, MREINZ, REAA Licensed Agent
Malcolm (AREINZ) is a Licensed Agent REAA and has over 33 years experience selling real estate, the last 15 years specialising in the motel industry. Allied Member of the Motel Association of New Zealand and Approved Consultant of Hospitality New Zealand.
Email:
Phone : +64 6 3577743
Mobile : +64 274 462 987
