Price
$460,000
Profit *
Refer to Broker
Sales Revenue
$473,408
Location
Northland Region, Far North
Category
Accommodation/Motel/Hotel, Motel
Listing #
NL00102
Realistic vendors need to move on due to health reasons and have priced it to the market.
Situated in the best location in the main street of Kerikeri, this 15 unit motel will give new owners an excellent lifestyle with a potentially increasing profit, going on past performance with high occupancy both in summer & winter. During the current owners tenure, they have built up a significant repeat customer base as demonstrated by the current forward bookings. Lease expires in 2037.
The 15 units consist of 14 x one bedroom units and 1 x two bedroom unit. Comfortable 2 bedroom 1 bathroom owners accommodation with high ceilings and spacious decks.
Only moments away from the cafes, bars and boutique shops and just steps away from an on-site cafe. Within close proximity to Kerikeri High, Kerikeri Primary and Kindergarten and overlooks the Kerikeri Domain. New World supermarket is just around the corner and 1 km from the golf course and historic Stone Store.
A must to inspect! Viewing strictly by appointment. For further details call Sole Agent Jenny Blain – 021 455 421
To find out more, go to www.linkbusiness.co.nz/NL00102 and press the "Enquire Now' button to complete an online confidentiality agreement.
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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.
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