Solid Coromandel Motel Freehold Investment For Sale

Business description

Rock Solid Passive Investment in Tourism!

Harbour View Motel is performing brilliantly:

*70% average occupancy (2010 calendar year)
*consistent financial performance
*top-rated on Trip Advisor & Been There
*not a penny to spend
*brand new lease, new lessee
*rental income $78,000 +GST per annum

Harbour View Motel has it all. A great location in Coromandel town, superb harbour and mountain views from all units, and an established reputation as one of the best motels on the Coromandel Peninsula.

The Harbour View is in pristine condition, a credit to the current owners, and makes a healthy profit every year.

The Motel is late 70’s build, but rigorous maintenance and constant updating mean you would never know. And the benefit of its age is the spaciousness of the rooms and the solidity of construction.

Harbour View Motel Comprises:

*3,161 m2 land with panoramic Coromandel Harbour and hill views

*6 x 1 bedroom units. All units are self-contained with ensuite and cooking facilities. There are private decks to all units with outdoor seating.

*1 x studio unit with private garden access

*Spa Pool

*Guest laundry

*A very comfortable 2/3 bedroom lessees residence(Note: the potential third bedroom is the studio guest unit described above)

*Spacious and well-equipped motel laundry
Garaging

In Summary:

Harbour View is a brilliant, compact motel in superb order and with an unbeatable reputation.
This is your opportunity to participate in the important tourism industry - without having to work in it!

The lessee is responsible for the outgoings, almost all on-going maintenance and for regular renovation/redecoration.

Let your money work for you!
The Freehold Investment asking price is $1,250,000 (+GST if any)

Harbour View Motel's location makes it an ideal base from which to explore the Twin Coasts of the Coromandel Peninsula.

Take the conservation bush walk next door and see the remains of a Maori Pa. Nearby are ancient Kauri trees, Wetlands, safe swimming beaches and boat ramps.

Harbour View Motel is situated minutes from Coromandel's restaurants, cafes, golf course, craft shops and galleries and within easy reach of major attractions including Driving Creek Railway, the Gold Stamper Battery, Museum, Waiau Waterworks, the 309 Road waterfalls and Kauri Grove.

Coromandel - a region rich with local gold-mining history and spectacular unspoilt scenery.Take one of the many walks through ancient forests, explore beautiful beaches or try your hand at fishing. Pay a visit to the many attractions in the area, sample fresh produce at one of the excellent local restaurants.

Property information

Real Estate:

Real Property Included