Invercargill Central, South Island
Price Reduced to Sell - Quality Motel - FHGC
Land, Buildings and Business $3,199,700 Reduced From $3,490,000
Business Description
Our clients have plans for Christmas. With a price reduction of close to $300,000, our instructions are clear: "the motel must sell"!
This is a very attractive complex currently trading very well and went through Covid years quite strongly. An astute purchaser in the Invercargill market will appreciate the $450,000 plus spent on renovations in recent years.
Rarely does an opportunity become available for a motel to be purchased land, buildings and a strongly performing business in Invercargill's accommodation sector.
Situated very close to the CBD and surrounded by other useful amenities for guests, the business ticks all the boxes.
The property sits on a nice wide 2,024sqm (more or less) site with 15 units plus separate manager's residence, which has the three bedrooms, two bathrooms also a generous sized living/dining area flowing on from the kitchen. A large lounge completes the residence, it has its own private garden and courtyard area.
The quality of the rooms will quickly impress you and this would hopefully have you relax in the knowledge that the quality of the renovations will limit the repairs and maintenance going forward.
A good mixture of units including 5 studios, 8 one-bedroom and 2 two-bedroom apartments. 2 studios and 2 one-bedroom apartments have their own spa bath. A large cross section of motel guests can be accommodated ranging from individuals, families and large groups.
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 Land, Buildings and Business of this Motel for sale in Invercargill via our website or by phoning DEREK JOHNSON on ---------- , DDI ---------- or ---------- .
Business Summary
Key Investment Insights
1. Motel is currently trading well and has performed strongly during Covid years.
2. Significant renovations have been done, totaling over $450,000.
3. Rare opportunity to purchase land, buildings, and business in Invercargill's accommodation sector.
4. Convenient location near CBD and other amenities.
5. Property sits on a large 2,024sqm site with 15 units and a separate manager's residence.
6. Manager's residence has 3 bedrooms, 2 bathrooms, and a private garden and courtyard area.
7. Quality of rooms is impressive and renovations will limit future repairs and maintenance.
8. Good mixture of units, including studios, one-bedroom, and two-bedroom apartments.
9. Some units have their own spa bath.
10. Confidential information can only be disclosed with completion of a confidentiality agreement.
11. Information Memorandum available on website.
12. Enquiries can be made via website or by phone.
