Ad ID: 50008

Motel for Sale West Coast

Outstanding Booming Motel, Prime Tourist Location!

Location:
Asking:
$985,000

Business for Sale Description

Motel for Sale West Coast

Superbly presented 24-unit motel in popular main South Island tourist route destination, famous for its magnificent natural attractions. Tourists stop over to enjoy the splendour this location offers, resulting in this motel being well-patronised, with high occupancy which nears capacity at peak periods of the year. The motel is part of a high-profile national brand which attracts loyal guests who travel regularly and appreciate the excellent 4-Star accommodation offered. A 3-bedroom manager's residence complements the motel, providing comfortable living for a purchaser and family.

A long secure lease is in place with a reasonable rental, making for a very profitable business, which is competitively priced at $985,000. Based on 2016 financials, a 30% return is achieved on the asking price, or even higher with the 2017 financial year revenues to date.  There is the possibility for a purchaser to put a manager in place and still enjoy substantial returns.

We have seen strong growth in numbers of tourists visiting this area, particularly over the past 2 – 3 years, and forecasts predict even more growth. Participate in the strong tourism boom and reap the benefits - contact Athol today!

Please note: All prices are + GST (if any)

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Harcourts Grenadier RE Ltd.
For more info
Contact:

Athol McCully

Athol McCully
027 433 8052 or 03 371 9126
Anytime
Phone: Athol McCully or 03 371 9126
Harcourts Grenadier RE
REAA 2008
Broker Ref: CIB25357

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