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Investment Motel Freehold Potential Expansion
Listing: #BOP00447
Carron Chote
Broker | Bay of Plenty
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About this Freehold for sale in Kawerau
Investment Motel Freehold Potential Expansion
Investment Motel Freehold Potential Expansion
Freehold Deadline Sale: 4:00pm, 31 May 2022 plus GST (if any) Unless sold prior
Motel Freehold for sale first time on the market in 26 years.
Main street location in Eastern Bay of Plenty, great solid construction, very well maintained.
Property information:
- 20 Units plus 3 bedroom managers accommodation
- Solid Construction of 790 m2 floor area
- Land size 8,084 sq m approx. across two titles
- Zoned Commercial (8C)
- Bore water
- Leased until 2041
- Rent reviews every two years
This opportunity of Freehold Commercial Property will suit an investor with an eye for the future due to land size offering potential for expansion, and rent review due 2023.
Please contact Carron directly to secure a viewing appointment.
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.
*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.