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Motel Business for Sale
Asking:
$795,000
Turnover:
Type:
Accommodation
Location:
Fox Glacier
Motel in Prime Main Road Position. Extra Long Term Lease $795,000 With The Added Benefit Of Freehold Title To The Owner’s Accommodation at $320,000.
Business
Description:
With much of the accommodation in Fox Glacier being some distance from the centre of the township, this property enjoys the benefit of a great central location. The 23 units are all ground floor and built to a very high standard. The business is showing excellent consistency in occupancy and revenue. Profitability is impressive.
The business is offered by way of extra long registered lease (38 years), as well as the freehold title to the manager’s unit. The present operators have operated this business for just on three years, however their family is now growing. This creates the opportunity for a new operator to acquire an exceptionally good quality accommodation business in this popular tourist destination.
Business
Resources:
The owners residence is a three-bedroom apartment with good living areas and direct access to a private outdoor area. This type of accommodation for the operator can be difficult to find in this industry.
Contact:
Kelvyn Coffey from Coffeys Tourism Property Brokers Ltd (Licensed Agent REAA 2008) on 03 366 9040, any time, or email info@coffeys.co.nz
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