Ad ID: 61811

Motel for Sale Waikato

Very good motel business offers an excellent opportunity for entry to the booming tourist accommodation business: Price Reduced!

+GST if any

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 8.5 on 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 $90,000 +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.

All units have recently undergone extensive refurbishment with the benefits already showing in increased room rates and occupancy.

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.

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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For more info

Adrian Chisholm

021 727 888
Licensed REAA 2008
Broker Ref: 2355

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