Accommodation Business In Hamilton CBD, Minimum 30 Years Lease with Brand new Chattels

$500,000HamiltonListing: #BPW00256


Hamilton  


$500,000


Accommodation/Motel/Hotel
Refer to Broker


About this business for sale

Accommodation Business In Hamilton CBD, Minimum 30 Years Lease with Brand new Chattels


Located at Victoria St, Hamilton CBD, an accommodation business opportunity is now available to experienced Motel/other accommodation business operators.

The building has been renovated for an accommodation business. It contains 12 studio units, 1 large studio with separate bedroom, 2 one-bedroom and 4 two-bedroom apartments. As well as the 19 units, there is also a full size kitchen, a common dinning area, a large guest laundry and a reception area.  

Each studio unit has table(s) and chair(s), a queen bed, a bedside, a bar fridge, a heatpump, and a flat screen TV etc. The one or two bedroom apartments have a full kitchen with oven and microwave, and other furniture such as couches, outdoor tables and chairs, in addition to appliances and furniture in the studios. 

The renovation and cleaning of the building will be completed in January 2017. A new lease agreement will be in place to suitable business operators, with at least 30 years right to operate the business from the commencement date.

The accommodation business is currently with the consent for residential centres and apartments. The accommodation will be sold as a motel business (subject to resource consent being applied).

If you want to establish a new accommodation business in Hamilton CBD, contact the listing agent now. 

 

 

***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.

 

Waikato
paul.lu@linkbusiness.co.nz
+64 7 579 4994
+64 21 047 4988

Paul Lu

*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.