Top Motel Top Location Great Price
About this business for sale in CanterburyTop Motel Top Location Great Price
The 14 unit motel complex is a very well presented and attractive motel complex with a 4 star rating, and is located in a prime position on the main tourist route between Christchurch and Queenstown via Lake Tekapo, and is only an hour and a half from Christchurch.
The Motel is located in the heart of the township and is adjacent to the shopping centre which has a good mix of cafes and restaurants and plenty of interesting boutique style shops.
It is a well-designed complex on a larger 2022m² section with easy access from the road and good parking.
The 14 units are all single storied, with a good mix of studio and two bedroomed units. Having 11 Studio units, and 3 two bedroom units, 2 which sleep four and one which sleeps 5 this attracts both local and international travellers as well as families who like to holiday in the area. Each unit has recently had heat pumps installed for year round comfort of the guests.
The motel is a member of the well renowned ASURE accommodation group ensuring plenty of bookings and referrals, and also is a member of Hospitality NZ and its division Accommodation NZ which offers support, advocacy and training for the industry.
The motel is a very successful business which is reflected in the financial returns, and also has the advantage of a long secure lease, and very good landlords.
Geraldine is a delightful and unique country village nestled below the Southern Alps and is a “must visit” location offering plenty to do. There is a wide range of activities and adventures for the whole family, or visitors can just enjoy the food and shopping offered by the many cafes and shops. Otherwise just enjoy a stroll and enjoy the birdlife that is attracted by the many trees and gardens in the area, and the historic buildings and museums that grace the town.
This business is certainly well worth consideration if you are looking for a motel business and lifestyle. Call Sally now.
+64 3 366 3394
+64 21 988 138
*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.