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DealProspect/Listings/Hospitality & Tourism

Gisborne Motel with Development Potential

Motel

ActiveHospitality & TourismB2B & B2C
Asking price
$6,275,000
Disclosed · NZD
Revenue
Earnings
Implied multiple
n/a
Price includes the property

Brief

  • FHGC motel opposite Gisborne Hospital, five minutes from the CBD
  • 13 self-contained units plus a 4-bedroom owner's residence
  • Includes two neighbouring freehold homes on a combined corner site
  • Steady demand from hospital, corporate and tourism guests
  • Redevelopment and land-bank potential across the wider site