Price
$1,900,000
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Waikato Region, Hamilton
Category
Accommodation/Motel/Hotel, Freehold Going Concern
Listing #
EL00932
Freehold Going Concern Motel in Hamilton East
Set in a quiet location on a significant 2047 sq mtr site, this nine room motel has deliberately positioned itself to appeal to a budget minded client, capturing the lion share of this market for east Hamilton. The nine guest units comprise 6x 1 bedroom units, 1x 2 bedroom units and 2 studios, all fully equipped for a comfortable client experience.
This motel may appeal to families as the owner's accommodation is a stand alone, 4 bedroom residence with lounge, open plan kitchen and family room, bathroom plus a fenced private courtyard at the rear of the property. The office can be internally accessed.
Parking is abundant on this significant site. The motel is close to the hospital, university, gardens and within walking distance of the retail area for Hamilton east.
The vendor has advised that the previous owner had discussed building additional units with council, and this may provide a new owner with development potential, if desired. This motel will be appealing to many buyers and if you are seeking land, buildings and business in the $1,900,000 range, please contact the brokers.
Lindsay Sandes 021 895 940
Steve Lee 027 480 1005
Reference: EL00932
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.
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