Iconic Hahei Business - Massive Price Reduction

9 Grange Road, Hahei

Asking Price NZD $1,150,000 + GST (if any)

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Iconic Hahei Business - Massive Price Reduction | 9 Grange Road, Hahei | 1690498 |      X Close

Iconic Hahei Business - Massive Price Reduction

Massive price reduction - approximately 29% ROI

Vendors determined to sell so price reduced substantially

Approximately 29% return on investment for accounts YE 31/3/20

• Cathedral Cove, Hahei Beach, and Hot Water Beach are major drawcards

• High-quality low maintenance accommodation complex

• Offering multiple accommodation options

• Easy access to amenities

• Wonderful appearance and feel

• Significant price reduction as owners meet the reality of today's world

• Buy at outstanding value, be ready for the summer trade, and reap all the upside as Kiwis continue to travel locally and the return of overseas visitors as the borders open up.

Close driving distance from Auckland, Hamilton, and Tauranga. Seldom can we offer a business that produces such a strong bottom line, in a sought after resort location.

The current owners have run this established and extremely profitable business for 13 years and grown their wealth considerably. They now plan to retire and let you take over this well-oiled money maker. So step into their shoes and repeat this success story once again. So what is on offer?

The Business:

Secured by a long term lease with reasonable rent and pretty usual terms and conditions. Consists of reception structure with laundry and storage, 1 x two bedroom garden cottage, 5 x two bedroom motel/apartment units, 3 x garden studios and a backpacker complex which can accommodate up to 23 guests. This motel punches well above its weight and produces a profit normally only seen in much larger motels. Get the same money with less work!

This business has the benefit of being located in the coastal seaside town of Hahei in the sunny Coromandel Peninsula. Hahei is the gateway to a couple of the top 10 'must see' destinations in New Zealand, including Cathedral Cove and Hot Water Beach. Tatahi Lodge Beach Resort is a perfect blend of business in a simply magical location.