Anderson Park Motel will ideally suit buyers new to the motel industry or those that prefer an easy to manage motel.
Reasons to Buy!
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
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.
*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.
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