EASY RUN - GREAT CASH FLOW

17, Albert Street, City Centre, Gisborne City

$2,950,000

Proposed Usage
Hotel & Leisure
Floor Area
800.00 m²
Description:
Property ID
1btwywt

An upmarket boarding house with 30 bedrooms and 42 beds, enjoying excellent occupancy operated under competent management with long term tenancies in place.

The property is situated on 7,166m² of land, allowing for plenty of room for future expansion . The building has had a major refurbishment and is operating as a successful business with net income anticipated to be in excess of $240,000 per annum.

Purchase as an owner occupier, land, buildings, and business, or take advantage of the existing management.

KEY FEATURES:
• Single level accommodation lodge - 42 beds
• 7,166m² of land
• Approximately 800m² of buildings
• Extensive chattels list
• Vendor refurbished to a high standard - yours to reap the upside, will consider house trade as part payment

Please call Tom for further information 021 214 4329.

Enquire about this property

City Centre Area