REEFTON: Freehold Going Concern Property With So Many Options. FHGC Offers Sought

Busy Motels - Rental From Commercial Shops - Further Development Options. 

This property and business are enjoying the benefits of increasing commercial activity in this township.  Well located within the town on the main street, the motel provides 12 excellent units, six of which were built in 2007.  There are five retail shops fully let for passive income and the large land area of 2,023sqm provides various development options.  The property is on six separate titles giving a great deal of flexibility.

With the business currently run under management with absentee owners, there is an excellent opportunity here for a hands-on operator to take it to the next level.  Revenue from the retail outlets and the motels has continued to grow over the past years, including the current year, bucking the trend.  The new owners will enjoy the benefit of further increasing revenue and have options available to grow the business by way of further accommodation development (which may well be required in the near future) or creating new retail outlets, perhaps conference facilities or food & beverage operation.

The owners have other interests and too much on their plate.  They are genuine sellers and would look at potentially property trades and/or vendor finance.

We would welcome your enquiry on this motel for sale in Reefton via this website or by phoning KELVYN COFFEY on 0800 263339, DDI 03 550 0459 or 027 432 0565.