Hokitika, South Island
Tidy and Very Profitable 12 Unit Complex
Business Lease $550,000
Business Description
An excellent mix of units, with the large land area of 1,834 sqm affording the luxury of being all ground floor. The complex was entirely refurbished throughout 2006 and early 2007 when four new studio units were built at that time.
Three-bedroom accommodation for the operator with a reasonably spacious living area.
The business is prospering, as evidenced by guests' accolades, including consecutive awards from TripAdvisor, Wotif and Hotels.com.
Secured by a long-term registered lease with a fair market rental, should provide good upside for the future.
Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.
Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.
We would welcome your enquiry on the Business Lease of this Motel for sale in Hokitika via our website or by phoning KELVYN COFFEY on ---------- , DDI ---------- or ---------- .
Business Summary
Key Investment Insights
1. The complex has a large land area of 1,834 sqm, providing potential for expansion or development.
2. The complex was fully refurbished in 2006 and 2007, with four new units added at that time.
3. The mix of units is excellent, with all units being ground floor.
4. The operator's accommodation is a spacious three-bedroom unit.
5. The business has received positive reviews and awards from various booking platforms.
6. The lease is long-term and has a fair market rental, providing potential for future growth.
7. Some information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and may not be verified for accuracy.
8. Confidential details can only be disclosed upon completion of a confidentiality agreement.
9. The Information Memorandum is available on the website.
10. The listing agent is Kelvyn Coffey and can be contacted via the website or phone.
