Ad ID: 51758

Motel for Sale Canterbury

Motel business (leasehold interest) for sale. Perfect entry level motel business for a family or couple! Motel units and chattels are in excellent condition.

POA (Price On Application)

Business for Sale Description

Motel for Sale Canterbury

Great time to buy a motel business and reap the rewards to the tourism boom!

 This motel accommodates the needs for the corporate market servicing the industries in this region. It also caters for the domestic and international leisure markets during the summer high season and holiday periods. This motel would have to be one of the best presented and cleanest motels I have inspected for some time. 

What’s on offer:

The motel lease: 26 years remain on the lease which expires in 2042. Rent reviews every 2 years, Proportion of outgoings 100%.

The motel units and chattels are in excellent condition due to the ongoing painting, maintenance and replacement schedule.

15 Motel units, configuration: 6 x one bedroom units, 4 x studio units, 4 x two bedroom units and 1 x apartment. 

Motel guest facilities: include a guest laundry, children’s play area with trampoline, outdoor pool and entertainment area with BBQ

Business Resources

Owner’s accommodation: Large family home, 2 bedrooms on the second floor with shared bathroom and toilet. On the ground floor there is a master bedroom, separate toilet and bathroom, open plan dining and living areas overlooking the private courtyard garden. The motel reception is conveniently located off the hallway and kitchen area. 

This is a perfect entry level motel business for a family or couple. To learn more about this opportunity please contact me now for comprehensive property listing details.

Interested In This Opportunity?

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For more info

Peter Gale

021 608 107
Licensed REAA 2008
Broker Ref: 4752

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