Ad ID: 33101

Motel for Sale Fox Glacier

Prime Position, 12 Modern Units

Location:
Asking:
Business Lease $495,000

Business for Sale Description

Motel for Sale Fox Glacier

These attractive log cabin style units enjoy the benefit of being all ground floor, situated on a large land area. Built between 1995 and 2001, the units are modern and very well presented. This motel is one of the closest to the town centre.

An above average residence for a motel operation, with spacious living and three bedrooms, separate from the motels and having its own private grounds. A bonus self-contained flat for cleaning staff is something very handy to have in this location.

This business, like so many other motels throughout New Zealand, particularly the West Coast, suffered from the downturn brought about firstly by the Global Financial Crisis and then compounded by the Canterbury Earthquakes. The business had enjoyed some very good years prior to the GFC and we are pleased to now report that the revenue is on a consistently upward trend, now out-performing the pre-GFC days. This is consistent with the feedback we are receiving from the West Coast at this time. Most operators are very positive, not only because they are having a very busy summer season, but also the emerging new markets promise sustainable and increasing business in the future. The excellent revenue produced this year is also assisted by a better than average winter, as it appears that the Chinese are travelling also in reasonable numbers in what is normally considered the off-season. The result, the return on investment offered at this very favourable ingoing price is likely to be well above average.

The present operators now wish to move on with their young family and the lease is realistically priced at $495,000.

We would welcome your enquiry on the Business Lease at $495,000 of this motel for sale in Fox Glacier via this website or by phoning KELVYN COFFEY on 0800 263339, DDI 03 550 0459 or 027 432 0565.

Business Resources

The excellent revenue produced this year is also assisted by a better than average winter, as it appears that the Chinese are travelling also in reasonable numbers in what is normally considered the off-season. The result, the return on investment offered at this very favourable ingoing price is likely to be well above average.

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Coffeys Tourism Property Brokers Ltd
For more info
Contact:

Kelvyn Coffey

Kelvyn Coffey
03 550 0459 or 027 432 0565
Phone: Kelvyn Coffey or 027 432 0565
Coffeys Tourism Property Brokers Ltd
REAA 2008
Broker Ref: 3145

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