Rare Freehold Going Concern Opportunity

Gisborne, East Cape, New Zealand

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Property Description

It is rare to find a FHGC motel for sale at present and even rarer to find one this good at this price. The colonial on Gladstone in Gisborne is a fantastic 11 unit motel built in the timeless Colonial style as the name suggests.
The current owners have refurbished much of the motel to produce a very good complex and present it immaculately. There are 11 ground floor units being 6 one bedroom and 5 studio units. The refurbishment included new beds and furniture resulting in a more modern feel and look to the fully equipped rooms.
The grounds are spacious with plenty of off street parking and outdoor living for some rooms. Then there is the added bonus of a large games room which doubles as a team or group meeting room.
Gisborne is the only city in the East Coast Region and is busy with tourists, holiday makers and the industry around the region including the port business. This makes for a good motel location and the Colonial on Gladstone is also situated very central to most activities and beaches in the city. All of this combined with the units and recent refurbishment shows a business which is trending upwards and looks likely to continue.
Top this off with a lovely large operators accommodation, also recently refurbished with a new kitchen and a nice outdoor courtyard area and this motel is quite special. If you are looking for a freehold going concern motel in this price bracket you must look at this one. Most of the hard work has been done to bring it up to a very good standard so you can just relax and carry on as is or keep going and develop things more. Contact us now for further information on this great opportunity.

Price is plus GST if any.

Basic Details
Property Type : Land, Buildings and Business FHGC
Price : $1,300,000
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Country : New Zealand
Regions : East Cape
City : Gisborne
Land, Buildings and Business FHGC
  • Visits : 681 in 516 days
Contact Broker
Kathie Shepard
John Griffin Realty
927 Hakarimata Road
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