Accommodation Business for Sale in Nelson Bays
| Asking: |
$1,500,000 |
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| Turnover: |
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| Type: |
Accommodation |
| Location: |
Nelson Bays |
| Impressive Freehold Investment!! |
| Business
Description: |
Owner says "SELL!"
We are proud to offer this excellent land and buildings investment, located in Nelson, New Zealand's popular "Sunshine City" in the north of the South Island. The buildings have undergone major renovations with modern additions, and are in very good condition. The well-presented facilities house a successful accommodation business, with bar, restaurant and intimate function room available for use by accommodation clients and the public. Spacious off-street carparking is available, which comfortably accommodates guests' vehicles and tour coaches.
The premises are currently leased to 2026 with rights of renewal, the first being in 2014, with the possibility of a new lease being put in place and sold on at that time. Annual CPI rent reviews with a ratchet clause protect the investment income with the current lease. There is also a significant chattels component to this purchase, allowing further advantages from depreciation.
Our Client is currently considering a new project, and has asked us to present all offers on the purchase price of $1.5m + GST (if applicable), which represents an attractive 9.6% return on the asking price.
Contact Athol McCully today (ph 027 433 8052) for further details of this excellent investment opportunity.
Business Ref12775
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| Business
Resources: |
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| Contact: |
| Athol McCully from Link - New Zealand Business Sales Ltd (Licensed Agent REAA 2008) on 03 366 3394 or 027 433 8052, any time, or email atholm@linkbusiness.co.nz (Broker Ad ID: 12775)
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| Listing ID: 19625
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| Listing URL: |
| www.nzbizbuysell.co.nz/19625
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