Ad ID: 28578 Inactive

motel for sale for Sale South Westland

Motel for sale in high profile position with strong appeal and modern well appointed and presented rooms. Sale type Freehold investment, Leasehold interest (business)


Business for Sale Description

motel for sale for Sale South Westland

The  motel is located in the heart of the commercial area of Fox Glacier. The 23 Studio Style Units offer a high standard of accommodation being four star+ rated.

This business has an impressive trading history but experienced a downturn in recent years as the recession affected most parts of NZ. The Glacier Region remains one of New Zealand's top tourist destinations, and the last 12 months has seen a pleasing improvement in turnover for this business.

Well managed, well presented and a great central location result in a high number of "Walk-In's".

The present owners have owned the business since 2006, and a long lease is in place.

Business Resources

Owner's Apartment
Is a three bedroom apartment with master ensuite, good living areas and direct access to a private outdoor area.

Broker Comment
This motel business is in a high profile position - in the heart of the Fox Glacier township. It has strong street appeal and modern well appointed and presented rooms. Last summer has shown a pleasing increase in turnover which is expected to continue.

A Registered Valutaion in September 2012 valued the leasehold interest at $600,000. My vendors are motivated to sell and are offering the leashold interest at just $475,000+gst (if any)

There is also the option of purchasing the owner's three bedroom freehold apartment unit for $200,000+gst (if any)

A popular modern motel in a great location and being offered significantly below registered valuation!

Don't delay in contacting me now to discuss this sale.

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