Leasehold Motel on State Highway 1, Central North Island
About this business for sale in Central North Island AreaLeasehold Motel on State Highway 1, Central North Island
This 14 unit leasehold motel boasts a prime location on State Highway I, approximately an hour’s drive south of the Mount Ruapehu Ski Fields and features –
- A single level complex comprising 12 x studio units and 2 x family units
- All units air-conditioned
- 3 bedroom owners’ accommodation with internal access to the reception office
- A 22 year lease with the current annual rent at $64,000 plus GST and outgoings
- A spa pool
- Turnover in excess of $200,000 per annum
- Lovely outlook onto native bush and rolling hills
This is a great opportunity for a couple who wants to own a successful business and become part of the fast growing tourism and accommodation industries.
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.
+64 7 579 4994
+64 27 238 1450
*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.