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Eastern Bay of Plenty FREEHOLD Motel
Listing: #HC00235
Gordon Fridge
Broker | Bay of Plenty
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About this Business for sale in Bay of Plenty
Eastern Bay of Plenty FREEHOLD MotelMotel freeholds are a bit like hens’ teeth! Rare! Freehold motels such as The Landing – modern, 5-star quality, and just on 10 years old – are even more rare to come by.
Our innovative, forward-thinking Vendor who developed 37 The Landing Motel - is now on to his next project, so luckily - freeing up this top-class investment for another astute investor.
No expense was spared in the construction of this appealing, low-maintenance 15-unit motel sited on 2000+m², over 2 titles. The Landing motel is in a high-profile location on the main ‘motel mile’ leading into Whakatane.
- Pure 5 Star + Motel
- Strong Lease with quality lessee operators
- 15 spacious units plus 2-storey, 3-bedroom owner’s home
- High quality construction
- Very attractive architecture, with great road appeal
- High profile main road location
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*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.