Ad ID: 64053 Inactive
Motel for Sale Franz Josef
Price Reduced - Licence to Print Money!
Business for Sale Description
Motel for Sale Franz JosefRide the wave of the tourism boom with this excellent offering.
This is a large complex in a great central spot, comprising of 21 motel and cottage units, small campervan park along with all facilities, as well as two additional houses available for letting, plus separate staff accommodation. It would be possible to reduce the ingoing price by removing the additional houses, staff accommodation and campervan facilities from the equation.
The 3 bedroom owner\'s residence completes the package.
This business shows truly impressive and consistent growth in revenue and profitability over the last four financial years. The rise in revenue is consistent with industry trends, particularly in tourist destinations such as Franz Josef.
At the reduced ingoing price, the return on investment for a hands-on owner operator shows at in excess of 40% per annum. This, combined with a new long registered lease must make this an opportunity to be investigated.
Tourism is booming in the glacier regions, big business is investing heavily in the area and government forecasts predict continued strong growth. With the very high cost of building in today\'s environment, we are unlikely to see substantial properties such as this offered at this price level in the foreseeable future.
Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.
We would welcome your enquiry on the Business Lease at $895,000 of this Motel and Caravan Park for sale in Franz Josef via our website or by phoning KELVYN COFFEY on 0800 263339, DDI 03 550 0459 or 027 432 0565.