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Refer to Broker
Amity Lodge in Queenstown, offers a unique mix of a motel business lease and management rights. There is also the potential to purchase 2 of the apartments in addition to the asking price of $1.8m.
Reasons to buy
The double storey complex comprises of 10 one-bedroom (5 upstairs) and 6 two-bedroom units and is situated close to downtown Queenstown, in a quiet street. Amity Lodge is a mere 8km away from Queenstown’s International airport.
The owner's accommodation is a 2 bedroom, double storey apartment. The ground floor includes an office, bathroom, living/kitchen and private outside courtyard. Upstairs includes 2 double bedrooms, with outdoor decks, bathroom and office or third small bedroom. There is plenty of storage available and an undercover carport for 2 to 3 cars at the rear of the motel complex.
Queenstown and NZ Tourism
Over 2 million visitors are attracted to Queenstown all year round and tourism in NZ is now a major export earner and experiencing tremendous growth. International tourism spend is expected to reach $15 billion in 2023, up 52 per cent from 2016. (MBIE, 12 May 2017). Take the opportunity now to invest in this growth sector and in Queenstown, known as 'NZ's adventure capital'.
Reference: EL01352
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
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