Please register your interest on this listing, on the 'Documents Tab' tab.
Property Ref: 26689
URGENT SALE | Freehold Going Concern Motel 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.
If you would like to know more, please register here on our website, and then navigate to the Documents tab above the main image, and request access to the confidential information therein, thank you.
Full Listing Information for this Tourism Business will be disclosed to registered, approved Potential Purchasers.
Become a Registered User:
To gain access and download full confidential individual files on businesses for sale on this website, you must first be a registered user, and have ticked the box that you agree to the strict terms and conditions of the confidentiality agreement, provided by TourismProperties.com.
This is a simple two-minute process, which you can complete by selecting ‘Register’ at the top right hand of your device now.
If you are already registered with us:
You can request full access to this listing’s confidential files by:
- Logging in with your existing user name (your email used to register) and your password, then by
- Locating the listing you are interested in viewing Listing Files, then
- Navigating to the ‘Documents‘ tab, of the listing you are interested in, and
- Selecting ‘Request Access‘ to the confidential information here within.
We will quickly respond confirming your approval.
When you are emailed your ‘access approval’ notification, you need to be logged in to our website, in order to view and/or download the confidential files, which are located in your ‘Document Library‘.
If you are already logged in now:
Simply register your interest here, by navigating to the ‘Documents‘ tab, and selecting ‘Request Access‘ to the confidential information here within, and Adrian will come back to you by email with your access notification.
26689 | Ashlar Motel FHGC For Sale | Statement of Financial Performance or the Ten Months ended 31st Jan 2021
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
26689 | Ashlar Motel FHGC For Sale | Occupancy I
26689 | Ashlar Motel FHGC For Sale | Occupancy II
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