Ad ID: 61811

Motel for Sale Waikato

Very good motel business (leasehold interest) for sale offers a buyer an excellent opportunity for entry to the booming tourist accommodation business

Location:
Asking:
$350,000
+GST

Business for Sale Description

Motel for Sale Waikato

Very good performing motel business and new lease created with generous terms + motel owners will enjoy a roomy 3 bedroom home.

The motel is located in gateway to the Coromandel and on the incredibly popular Hauraki Rail Trail cycle way through the stunning Karangahake Gorge. The town is full of history and interest.

The motel is currently operated as a Freehold Going Concern. It rates Very Good 8.4 on Booking.com and has very positive guest reviews. However, family reasons oblige the owners to sell the business, while retaining the property.

New motel lease: A new lease will be created on very generous terms. Initial rent will be set at $80,000 +GST pa, reviewed yearly to the Consumer Price Index.

Very good business performance means the new business owner can expect to earn into 6 figures, for a return on investment around 30% per annum - while enjoying the significant benefits of living in/off the business.

The motel comprises 10 units, easily managed by a couple:

    2 family units (1 x 1 brm and 1 x 2 brm) offer spacious, comfortable accommodation to families
    6 studios are much sought after by corporate and private travellers
    And the jewel of the property, 2 brand new studio units, commissioned only in April this year

Business Resources

Motel business owners home: The business owners will enjoy a roomy, three-bedroom home with attached garage. And living in Paeroa means you have all services and amenities readily available.


Full financial disclosure is available to qualified enquirers  - and note that the available data does not include revenue from the already popular new studios which should increase turnover by at least 20%.

Interested in getting into tourism accommodation, in a business of proven profitability? Then call now for your opportunity to inspect this motel.

Interested In This Opportunity?

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Similar Business Opportunities:
Motels for Sale Waikato
Businesses for Sale Waikato
Tourism Properties.com
For more info
Contact:

Adrian Chisholm

021 727 888
Tourism Properties.com
REAA 2008
Broker Ref: THL-54041

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