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*** SOLD ***
Paihia Central Motel - Iconic Bay of Islands Site
Listing: #16978
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About this Business for sale in Far North
Paihia Central Motel - Iconic Bay of Islands SiteThe vendor's instructions are clear: this property must be sold so that their other investment plans can move forward. If you've been looking to enter the Bay of Islands market - this is your chance! As well as the business component, the land and buildings are also being offered for sale as a freehold going concern. Paihia Central Motel features 29 units over 2 levels + a conference facility. Chattels were replaced in 2012 - so all the hard work has been done for you. With a prime corner site and plenty of land to expand / develop further - there is potential for growth in the future. Tourism in the Bay of Islands is on the increase with most properties reporting record occupancy and near record room rates for the most recent peak season. Owner / manager accommodation features plenty of space and a recently upgraded kitchen. The reception area is very well appointed and appropriately positioned. You'll love living just a moments walk from the water and central Paihia township. This property is suitable for an experienced investor to build the business and create and sell a new lease. We suggest you do not delay and ask to inspect now as this one won't last long.
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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.