nzbizbuysell.co.nz/96689
Ad ID: 96689

Top-Rating Motel for Sale Cromwell

One of Central Otago’s best 12-unit leasehold motel businesses, with 44 years left on the lease is on the market!

Location:
Asking:
$675,000
+GST (if any)

Business for Sale Description

Top-Rating Motel for Sale Cromwell

Great Motel Business in the Heart of Central Otago 

One of Central Otago’s best 12-unit leasehold motel businesses, with 44 years left on the lease if all renewals are taken up, is for sale. We are delighted to bring Anderson Park Motel to the market, get in touch if you’d like to arrange a viewing of this perfectly presented, easy to run, motel business in Central Otago.

The property is situated in spacious and landscaped grounds with mature trees and plantings. There is great parking and access driveways to all units.

This centrally located motel in Cromwell features 12 units and an awesome business owner/manager’s home, comprising 2 large bedrooms, large lounge, dining and kitchen, plus a fully private backyard, including courtyard, spa, covered entertaining area and established flower and vegetable gardens. There is also a substantial two car garage, with plenty of additional storage, as well as an additional car space. The office has direct access from the lounge.

FEATURES:

  • Accommodating 40 guests across 12 units 
  • All units are ground floor units
  • The only pet friendly motel in the area
  • 1 x 2 Bedroom unit
  • 9 x 1 bedroom units
  • 2 x Studios
  • Guest Laundry
  • Motel Laundry
  • Substantial storage areas available
  • Children’s playground facilities
  • Outdoor BBQ area & facilities
  • Ample off-street car-parking

The motel units were built in 1972, and the manager’s residence was built in 1995. The current owner has updated and replaced many chattels in the motel complex (see chattels list in documents section). Since June 2016, new beds, nets, curtains in all units have be purchased, and there’s new carpet and vinyl in all units, plus a new gas hot water system, water softening equipment, new playground equipment, plus a new BBQ, and generally all units totally upgraded. The guest laundry features a washing machine and drier, with the business working laundry featuring a Maytag washing machine and a Maytag gas dryer. The entire complex exterior was freshly painted in March this year (2020), making it one of the easiest and most ‘move-in-ready’ motel businesses, with little to no maintenance for the new business owner.

The business enjoys over 55% direct bookings and there are great forward bookings in the reservation system for the months ahead, with the bookings being predominantly commercial and returning guests (i.e. not overly reliant on international tourism market). For example, holiday periods are more often that not booked out by South Island residents, who’ve booked and stayed for the same time period for many years.

This motel is also the only pet friendly Motel in the area, with the added bonus being that the manager is able to have a family pet as well – currently Spencer enjoys being the Motel feature puppy!

If you’re ready to make the move from the busy city, to a place that revels in long warm summer days, enjoying fresh stone fruit and delicious wine, coupled with local music events and a fabulous community, with great schools, then contact Adrian to find out more about this easy to run motel business. Singles, couples or families will love all that’s on the doorstep in Cromwell. Call today.

For more information or to arrange a viewing, please contact specialist Accommodation Business Broker, Adrian Chisholm, AREINZ, on 021 727 888 or email Adrian@tourismproperties.com.

Business Resources

If you would like to know more please view the full information on our website:

LINK: https://www.tourismproperties.co.nz/for-sale/motels-for-sale/cromwell-motel-business-for-sale/

Contact Broker: Adrian Chisholm

NZ Mobile: 021 727 888

Email: adrian@tourismproperties.com

Interested In This Opportunity?

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Tourism Properties.com
For more info
Contact: Adrian Chisholm

Adrian Chisholm

021727888
Tourism Properties.com
Licensed REAA 2008
Broker Ref: 29246

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