Invercargill City Median PriceInvercargill City Median Rent | A161 North Road, Waikiwi | $895,000+ listed in Feb 2014 | Tourism/Hotel/Motel: | Land size: 2,411 sqm | Building size: 530 sqm [Measure] | Agent: Holmwood Real Estate Ltd |
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Map | Street view | Nearby | Property Description: | This is a successful, profitable well run business located on SH6, the main arterial route into Invercargill from Queenstown and Te Anau.
Very attractive street appeal. The spacious grounds offer room for expansion..
For the past six months (Jan - June 2013) the business has recorded a 15% increase in revenue when compared to the corresponding six months from the previous year!
Part of the Arra group, the motel offers 8 units with varying room configurations from one to three bedroom and provides four star quality to its many satisfied guests - view tripadvisor to read the compliments guests have had to say about their stay at this motel.
Tariffs start from only $110 per night for two people making the motel apartments very affordable and excellent value for money given their spaciousness and up to date d??cor.
Such is the motels location, it is popular with tourists, sports teams and corporate travellers alike. A soon to be built ILT tavern nearby incorporating bar, restaurant, bottle store and pokies should see this business benefit from such a development by providing guests with such a handy outlet to dine/socialise.
The Vendor will also consider a lease option whereby the business can be purchased for $289,000 with a 35 year lease term at an initial rental of $55,000 plus GST per annum.
Comfortable 3 bedroom owners accommodation included.
Refer to IV3953 for business listing. |
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