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