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*** SOLD ***
Investment – FH Motor Inn in Tirau 8.25% return
Listing: #14618
Nols Bertram
Broker | Bay of Plenty
This listing is no longer taking enquiries as it is SOLD
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About this Business for sale in South Waikato
Investment – FH Motor Inn in Tirau 8.25% returnA great opportunity exists to invest in this thriving Waikato town. Tirau is in the heart of the Waikato and economic activity centres on the dairy and timber industries. Tirau has become the stopover rural town and is renowned for its many arts, crafts, cafes and restaurants. It is also the gateway to Lake Karapiro and Hamilton City. The motor inn is situated on the main road through Tirau in a prominent location right where all the action is. The motor inn has large roadside frontage with ample parking for guests. The motor inn comprises 12 units, viz. 9 studio units and 3 two bedroom units. The owners’ accommodation is a 2 bedroom facility on two levels with internal access to the office. The option is available to change the owners’ accommodation into a four bedroom facility by incorporating two units in which case the motel would have 10 units. The complex has recently been painted on the outside. The motor inn is currently leased and the current rent is $71,000 per annum plus GST. The lease has 5½ years until expiry when a new lease would have to be negotiated with the lessee. The lease is also for sale at an asking price of $185,000 and can be bought with the freehold which would make it a freehold going concern. Interested? Contact me today for full details.
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This listing is no longer taking enquiries as it is SOLD
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.