Tuki Tuki Motel
Tuki Tuki Motel
LEASEHOLD $415,000 OR FREEHOLD GOING CONCERN $1,650,000

Tuki Tuki Motel

Complete with a new 30 year lease

An opportunity to buy a profitable motel business in Central Hawkes Bay:

Vendor offers two options LEASEHOLD $415,000 OR FREEHOLD GOING CONCERN $1,650,000

 

LEASEHOLD price $415,000  (+GST if any)  

  • Financial Statement year ending March 2018
  • 14 Units earning $27,500 ex gst per unit
  • 2018 income show a net return 32.5%
  • The figures display a strong client base & cash flow
  • Vendors offers    New 30 Year lease
  • Arrange to view todat

FREEHOLD GOING CONCERN $1,650,000

After 15 years of ownership, owners say it's time to sell.  14 units motel 3 bedroom managers home with private courtyard. The motel has been desgined with excellent unit configuration,  8 Studio, 5 One Bedroom & 1 two bedroom units. 11 units with Air Conditioning, New 30 year lease realistic rental, swimming pool for those hot Hawkes Bay days. The Vendors have placed the business on the market at a realistic price, great opportunity to enter the tourist trade.  Like to buy a Feehold Going Concern the vendor will sell.

For the buyer looking for an established motel business,this is it. Owners have completely refurbished this complex throughout, established a strong client base. Now is the time for them to retire. Buyers will capitalise on the owners work, manage the motel and count the cash from the day you take possession.

Waipukurau enjoyes a strong demand for accommodation from corporate trade, tradesman working in the district along with the travelling public. A residential complex has been given District Council consent to build senior citizen accommodation on adjoining property.  Waipukurau enjoys a strong demand for accommodation. Buyers looking for an established motel with a long term lease where the future looks bright must arrange an inspection of this motel complex. Don't hesitate contact McCrae

Address

Contact

  • Malcolm McCrae

    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.

14 units great location Hawkes Bay immaculate presentation strong forward bookings

Disclaimer

The property information has been prepared from information supplied by the owners. Every precaution has been taken to establish the accuracy of the material. No responsibility or liability is accepted by McCrae Real Estate Ltd (Licensed Agent REAA 2008) its principal, agents or employees. Prospective purchasers should make their own enquires and satisfy themselves as to all aspects of this material.