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Property Ref: 26689
Ashlar Motel, Freehold Going Concern For Sale in Invercargill
Property Type: Commercial Real Estate, Motels
Sale Type: Freehold Going Concern, Urgent Deadline Sales
Physical Address: Ashlar Motel Queens Drive, Richmond, Invercargill, New Zealand
Price: FREEHOLD GOING CONCERN, asking $1,450,000 +GST if any
Broker: Adrian ChisholmMobile: +64 21 727 888
Freehold Home & Income in a Resilient Region of NZ
This Invercargill City Freehold Going Concern Motel is for sale for the first time in 17.5 years! The live-in owners of this freehold going concern are overdue for retirement, and we are under strict instructions to get this sold, so don’t delay – the region is resilient, the infrastructure works are proceeding, and this purchase gives you a home and income, that is freehold, not leasehold – act fast and call Adrian now!
This superbly located motel complex in Queens Drive is just a few minutes walk to the inner city retail prescient and the Southland Institute of Technology, which is also located in the Invercargill CBD zone.
This complex comprises a two level 4 bedroom owner/managers home plus the motel office, and 9 motel units , guest laundry, workshop and storage room.
Units 1, 2, 3 and 4 are attached to the owners home and the motel units are double glazed and serviced by infinity gas units to each motel.
Units 5,6,7 8 & 9 are situated on the northern side of the large approximately 1484m² site, have single glazing, and are serviced by individual electric hot water cylinders.
- 4 x Studio units (Northern complex)
- 3 x 1 Bedroom units (Southern complex)
- 1 x 2 Bedroom unit (Southern complex)
- 1 x 3 bedroom unit (Northern complex)
- 4 x bedroom owners house and office (Southern complex)
(The downstairs comprises the office, lounge, dining , kitchen, bathroom and toilet, the upstairs comprises 2 double and 1 single bedrooms and a bathroom and separate toilet)
The owners are currently upgrading the bathrooms in units 5, 7 & 8 and these will be completed prior to settlement.
The roof of the complex has been replaced and is relatively new.
In the last 12 months this motel complex has averaged $30,000 plus GST revenue per room and profit before depreciation is approximately $17,500 per room.
The purchase price of $1,450,000 as a freehold going concern is plus GST if any, but as a going concern business, the GST would be zero rated.
The live-in owners of this freehold going concern are overdue for retirement, and want this sold today, so please contact Adrian urgently to view this significant Invercargill Motel complex.
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26689 | Ashlar Motel FHGC For Sale | Financials
26689 | Ashlar Motel FHGC For Sale | Comprehensive Title
26689 | Ashlar Motel FHGC For Sale | Title
26689 | Ashlar Motel FHGC For Sale | Chattels List
26689 | Ashlar Motel FHGC For Sale | Plan - added 22 October 2020
SUMMARY FROM ONLINE REVIEW PORTALS
|Trip Advisor. com||
3.5 / 5 stars
4.2 / 5 stars
8.1 / 10 stars
Property TypeCommercial Real Estate
Sale TypeFreehold Going Concern
Urgent Deadline Sales
Physical AddressAshlar Motel Queens Drive, Richmond, Invercargill, New Zealand
PriceFREEHOLD GOING CONCERN, asking $1,450,000 +GST if any
Adrian ChisholmPRINCIPAL | Tourism, Hospitality & Leisure Business Broker
Head Office | Otago & Southland
International: +64 21 727 888
NZ Mobile: 021 727 888