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Location: |
Oamaru |
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Type: |
Accommodation
Commercial Leases |
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Asking: |
$300,000 |
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Turnover: |
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Hotel style accommodation. Ground Floor Opportunity With Huge Upside. New Lease Only $300,000 or FHGC Neg. Over $2,000,000. |
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Business Description
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This new accommodation property is finished to a very high standard and is quite close to the centre of Oamaru. This hotel style accommodation has been converted from the maternity wing of the old Oamaru hospital and has to be seen to be appreciated. With 21 rooms there is some real earning power. Opportunities exist for the astute marketer. Business opportunities include not least the possible demands from the impending Holcim Cement Plant.
A new 35 year lease is offered at the attractive price of just $300,000, of which over $200,000 has been spent on plant and chattels. Inspection is necessary to fully appreciate. |
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Business Resources
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This accommodation has been created as part of a larger redevelopment of the Oamaru hospital site. The structure is offered so as to give the benefit of any doubt to the purchaser, with a low ingoing price and low rental. It is anticipated that the price and rental will be seen eventually to be to have been based on an extremely conservative budget, providing plenty of upside potential. |
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Contact Details
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Contact: |
Kelvyn Coffey |
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Coffeys Tourism Property Brokers Ltd |
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Phone: |
03 366 9040 |
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any time |
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Email |
info@coffeys.co.nz |
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Visit: |
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Listing ID: |
15589 |
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