Link Business
*** SOLD ***

Motel FHGC, Lower Hutt

Listing: #CS00277

Jono Jarvis

Broker | Christchurch & South Island

Jono Jarvis

jono.jarvis@linkbusiness.co.nz

+64 3 366 3394

+64 21 177 9760

This listing is no longer taking enquiries as it is SOLD

About this Business for sale in Lower Hutt

Motel 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

The Complex
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.

Location
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!

The Opportunity
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.

Christchurch & South Island
jono.jarvis@linkbusiness.co.nz
+64 3 366 3394
+64 21 177 9760

Jono Jarvis

Enquire Now
This listing is no longer taking enquiries as it is SOLD

*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.