Ad ID: 18522

Motel for Sale Levin

Motel for sale - Freehold Going Concern - most central motel accommodation in Levin. Good income & occupancy.

Location:
Asking:
$739,000
+GST

Business for Sale Description

Motel for Sale Levin

Motel in Levin, Freehold Going concern is for sale The owner of the land & buildings of this property has agreed to sell the Freehold Investment for those buyers that would like to own a freehold going concern. See a second listing for this property also selling the Business only - the asking price for this is $ 275,000 plus gst if any. The Motel is reputed to be the quietest, most central motel accommodation in Levin, being located away from the railway line and main highway but still within 200 metres of the main shopping centre.

Business Resources

All 6 of the motel units have Digital Sky Television. All units except the studio "overnighter" unit have full kitchen facilities and all have wireless broadband internet access. This motel has accommodation to suit every guest circumstance with facilities : * Three 1 bedroom units that sleep up to 4/5 guests. * Two studio units 1 sleeps two and the other up to 3 guests. * One smaller studio "overnighter" that sleeps 2 guests. * Ample Parking off the street * Full kitchen facilities in most rooms * Digital Sky TV * Guest Laundry facilities * Wireless broadband internet access. Brokers Comments The Totara Lodge Motel appropriately named by its wonderful Totara Tree, standing at the main entrance to the motel is a very nice and compact motel operation most suitable to all types of guests - Family Visitors, Corporate Travellers and the occassional tourst that ventures by. The business does well with great income and occupancy from just 6 units as the location of the motel is close to all of the towns amenities and near to most of the retirement homes and hospitals in the area. Good business comes from guests who are visiting friends and family. The managers apartment is a one bedroom unit with a nice kitchen and lounge with direct access to the reception office and to the laundry. There could be expansion done to the premisies by taking out one of the guset rooms for the managers apartment or building up one level above the current apartment. The current business owners have been managing this property for a number of years now and have enjoyed their time at the Totara - but as for many it is time to move on. I recommend this business to couples that want to be kept occupied - but not too busy, with their efforts being rewarded by receiving a good income and way of life. First timers into the motel management game may be tempted with this one. Be in touch - I will be pleased to show you through this property. Note Purchase Price of $739,000 plus GST (if any)

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Tourism Properties.com
For more info
Contact:

Adrian Chisholm

021 727 888 or 021 727 888
any time
Phone: Adrian Chisholm or 021 727 888
Tourism Properties.com
REAA 2008

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