Masterton Median PriceMasterton Median Rent | Map | Street view | Nearby | Property Description: | Great Growth Potential Purchase options available
Offered for sale for the first time in 20 years, with current owners now considering retirement. A unique opportunity to purchase a well presented, smart and centrally located motel business, with great potential for both growth and lifestyle opportunities in the central Wairarapa.
-Walking distance to Masterton CBD, shops and cafes. -Established clientele. -Set on two separate titles - zoned residential. -Expansion/building plans available. -High visibility location with good street frontage. -Huge potential to grow the business.
Featuring 15 units as studio or apartments (plus managers accommodation) each with kitchen or kitchenette facilities - recently refurbished to a smart quality, Wi-Fi, outdoor swimming pool, spa and BBQ area, large gardens, guest laundry and ample parking for trucks and campervans.
Offered as Freehold Going Concern, or sell the business (business and chattels) with a new 30 year lease.
Fantastic opportunity to grow and develop the business, enjoy the lifestyle that only the Wairarapa can offer.
Features
Two titles - one with motel business, other vacant (total land 2735 m2 and 835 m2) Location - minutes from CBD Priced - options - FHGC or lease with finance available
Good potential for lucrative income streams |
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