Opotiki, North Island
Opotiki CASH COW! Invites Offers
Business Lease $950,000
Business Description
Located on the main road into Opotiki from Whakatane, the motel sits on a large flat 4,904 sqm (more or less) level section, so there is plenty of room for potential expansion here.
This outstanding 13 unit motel is currently run under management has the benefit of extensive renovations recently completed to units 1-6 and the guest/staff kitchen plus laundry, which saw the vendors invest approx. $150K. These rooms are completely remodelled including new kitchenettes, new bathrooms, new flooring throughout and fresh paint to the interiors and new chattels.
The motivated vendors are moving onto a freehold investment, creating an opportunity for someone new to come in and snap up this massively lucrative opportunity.
An outstanding opportunity to one lucky buyer - is this you?
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 Opotiki via our website or by phoning CHRIS D'ANVERS on ---------- , DDI ---------- or ---------- .
Business Summary
Key Investment Insights
Key Insights:
1. Located on the main road into Opotiki from Whakatane, providing high visibility and easy access for guests.
2. Large flat section of 4,904 sqm (more or less) allows for potential expansion of the motel.
3. 13 unit motel currently run under management.
4. Extensive renovations recently completed on units 1-6 and guest/staff kitchen and laundry, with an investment of approx. $150K.
5. Completely remodelled units with new kitchenettes, bathrooms, flooring, and paint.
6. Motivated vendors moving onto a freehold investment, creating an opportunity for a new buyer.
7. Highly lucrative opportunity for the right buyer.
8. Confidential information available upon completion of a confidentiality agreement.
9. Information sourced from reliable sources such as RPNZ/ Property Guru/ Land Information New Zealand.
10. Enquiries welcome through website or by phone.
11. Contact person for enquiries: CHRIS D'ANVERS.
12. Contact number: ----------.
13. Confidentiality agreement and Information Memorandum available on website.
14. Opportunity for potential growth and development in the future.
