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*** SOLD ***
Easy Income Here!!!
Listing: #18755
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About this Business for sale in Tauranga
Easy Income Here!!!This accommodation complex is located only 5 minutes from the CBD and is adjacent to water and beach facilities. Formerly a Motel operation the retiring Owners have repackaged the business and now offer secure long term accommodation to their guests. The potential for you the Buyer is to land bank this highly valued 2151m2 site and plan for a future development whilst receiving an attractive income during the planning period. Current return is 7.7% nett and with consent there is room for improvement as there is still significant land area available. There are currently 4 bedsits, 2 x one bedroom units, 2 x two bedroom units and a comfortable 3 bedroom , 2 bathroom character home currently occupied by the owners who have made their decision to retire and put their feet up!!! A unique opportunity awaits.
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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.