Motel FHGC, Lower HuttListing: #CS00277
About this Business for sale in Lower HuttMotel FHGC, Lower Hutt
Camellia Court Motel is being offered for sale as a freehold going concern that includes land/buildings and the business.
Reasons to buy!
- Recently refurbished
- Excellent long term investment with the option to sell the business in the future
- Attractive net profit
Situated on expansive grounds, with child's playground, the motel comprises of 15 units as follows:
- 4 x Studio units
- 7 x One bedroom units
- 4 x Two bedroom units
The spacious manager’s residence comprises of 3 bedrooms.
Centrally located in Lower Hutt, Camellia Court is a short stroll from the heart of Lower Hutt , cinemas, Westfield shopping centre, and in close proximity to a number of bars, restaurants and public transport. A 5 minute drive to Hutt Hospital and Boulcott Clinic, 15 minutes to Wellington CBD, ferry terminals, Te Papa and Westpac Stadium. Easy access to SH 2 but without the highway, rail and High Street noise!
Tourism for NZ is now a major export earner and is experiencing tremendous growth. Visitor arrivals to New Zealand are expected to grow 4.6 per cent a year, reaching 5.1 million visitors in 2024 from 3.7 million in 2017 and total international spend is expected to reach $14.8 billion in 2024, up 40 per cent from 2017. (Source: MBIE May 2018). The purchase of Camellia Court Motel is an excellent opportunity to take advantage of this growth and a new owner will be purchasing a property with a stable and potentially attractive growing income, further enhancing the value of the investment.
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. Please contact the broker for further details.
+64 3 366 3394
+64 21 177 9760
*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.