Accommodation | Sought-after Greenfield Accommodation Investment

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Sought-after Greenfield Accommodation Investment

Waikato | Ad ID# 2932
Industries  >  Accommodation
Asking Price $2,300,000.00 Inventory $
Included in Asking/Selling Price
Gross Income $0.00 Real Estate $
Stock/Inventory value .00 Year Established NA
FF&E $0.00
Included in Asking/Selling Price

Business For Sale By
Chloe Belli

Contact the Seller
To inquire about this business for sale, click the "Contact the Seller" link below

Sought-after Greenfield Accommodation Investment

We are presenting to market a very much sought-after Greenfield visitor /residential accommodation complex that is an approximate 8 minute walk away from Waikato Hospital. *Based on an Income Capitalisation approach, the property is being offered to market with a 7.7% gross yield based on professional rentals appraisals.

This accommodation facility has multiple investment opportunities from the outright sale of each residential unit for $227,500 each as per valuation, short term rental accommodation servicing visitors attending Waikato Hospital or as international visitor's accommodation; the choice is yours.

The proposed construction is of a two storey, 12 room visitor accommodation style residential building. Each room is self contained having its own ensuite and full kitchen area, sharing a communal laundry area. The building will provide a ground floor area of 164sqm and a first floor of 150sqm. The site will be tidily landscaped and have a sealed car parking area with each unit having a one-off street car park, plus one visitor park. An independent rental review has been provided based on a per week basis.

Construction will start 4-6 weeks from an unconditional contract, with the build taking approx 20 weeks.

Sale Price: $2,300,000 (Plus GST).

If you are interested and would like more information about this business, please visit to register your details and submit the online Confidentiality Agreement for reference #2083. When Frank receives your expression of interest he will be in touch.

*Source of information - Supplied by the Business Owner. Licensed REAA 2008. Copyright Barker Business Brokerage Ltd 2017.

General Information

Home-Based: No


Other Information

Reason for Selling: NA