Link Business

Reefton 30 year Leasehold Motel

$385,000West Coast Listing: #CS00093


West Coast  


$385,000


Accommodation/Motel/Hotel
Refer to Broker


About this business for sale

Reefton 30 year Leasehold Motel

 

New to the Market 30 year lease on 12 unit motel

Centre of Gold Mining Town with long history of tourism

Great Returns for prime position motel

Can be run by 1 person + casual cleaning staff

This place has great character and guests love it !!!

Owned by long term family owners they now wish to sell the leasehold business

New 30 year lease to be put in place with a generous low rent.

A good mix of large units and studio rooms finished to a good quality level.

There is room for further development to add extra rooms in the future.

 

 

Christchurch & South Island
rick.warren@linkbusiness.co.nz
+64 3 595 0578
+64 22 351 6772

Rick Warren

*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.