Trentham Hutt Valley
Strong cash flow with is motel complex
Vendor will sell Leasehold $600,000 (+gst if any) negotiate new 30 year lease 15 units, 3 Bedroom Home
Looking for Freehold Going Concern for sale $2,475,000
Located on main road near Trentham train station. Strong demand of accommodation from corporate trade plus quests working in the area. Trentham Motels enjoy a high occupancy this shows with income per unit exceeding $28,500 ex gst. New 30 year lease, realistic rental, Looking for a busy motel this is the business for you. The asking price returns 24% on capital invested.
The vendor completly refurbishing the motel units this programme will be completed before settlememnt day. The owner has forward bookings for 2017 & 2018 currently in place. With redevelopment about to be commenced within the area the future looks bright. The occupancy keeps increaseing each month