Anderson Park Motel, CromwellListing: #CS00395
About this Business for sale in Central OtagoAnderson Park Motel, Cromwell
Anderson Park Motel will ideally suit buyers new to the motel industry or those that prefer an easy to manage motel.
Reasons to Buy!
- Consistently receives excellent guest ratings
- One of Cromwell's most highly rated motels
- Brand new 35 year lease
- Highly profitable business
- 75% guest occupancy (approx)
- Very well maintained
The motel currently offers 11 spacious self-contained units. After the conversion of a large unit in May this year the motel will offer 12 units comprising of 2*studio, 9*1 bedroom units and 1*2 bedroom unit. All are ground-floor with off-street-parking outside each unit.
As well being centrally located, the motel also offers ample off-street parking, spacious leafy grounds, a children’s playground and an outdoor entertainment area fully equipped with a BBQ.
The owner's residence is a spacious two double bedroom home with open plan living/dining/kitchen, bathroom/separate toilet, two car garaging plus storage, private outdoor area, landscaped with two patios (1 covered), and spa pool. Motel reception incorporated with residence as a separate area.
Cromwell is located centrally between many of Otago's major tourist towns being only 50km's from Wanaka and 60km's from Queenstown. Dunedin, the largest city in Otago is a 3 hour drive (approx).
Activities in Cromwell
- Highlands Motorsport Park
- International hockey turf (tri-series with womens’s teams from NZ, Australia & S.Africa).
- Boating and swimming in Lake Dunstan
- Jet boating on Kawarua river
- Visit Goldfields Mining Centre
- Spectacular walking tracks, award winning wineries, and of course the
- Access to five local ski fields, all situated within an hour’s scenic drive from the motel
- Numerous cycle trails
Tourism for NZ is now a major export earner and is experiencing tremendous growth. Visitor arrivals to New Zealand are expected to grow 4.6 per cent a year, reaching 5.1 million visitors in 2024 from 3.7 million in 2017 and total international spend is expected to reach $14.8 billion in 2024, up 40 per cent from 2017. (Source: MBIE May 2018).
To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.
+64 3 366 3394
+64 21 177 9760
*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.