This is the first time in 20 years this Freehold Going Concern is on the market for sale. Very desirable complex which the new owner could operate or lease it out!

This desirable motel complex 16 spacious units and a delightfully spacious and comfortable 2 x bedroom manager's/owner's accommodation. The motel is selling as a Freehold Going Concern (FHGC) and is located across the road from the beach and within easy walk to city centre and close to shops, restaurants, bars, clubs, cafes, golf course and virtually everything else that is centrally located in Gisborne.

This al sits on excellent leverl site of approximately 2,023 m2 which has a CV of $1.65m. Therefore, you can see the value here as the motel business is also included in the asking price.

The current owners have run this motel for 20 years and now want to move into retirement. This sale is a fantastic opportunity as the owners owner can operate the motel business or lease it out.

Interested parties can contact Steve Brown on +64 27 257 8383 or email steve.brown@tourismproperties.com as he specializes in selling motels in and around the Gisborne, East Coast Region of New Zealand and is happy to answer your questions.