AAA Thames Court Motel, OamaruListing: #CS00431
About this Business for sale in WaitakiAAA Thames Court Motel, Oamaru
Reasons to buy
- 25% return on investment (approx)
- Highly rated on Trip Advisor
- Income continues to grow
- New long term (35 years) lease
- Majority of units are completely refurbished
AAA Thames Court Motel will suit a buyer new to the motel industry or one that will prefer an easy to manage motel. The motel offers 10 spacious self-contained units comprising of 4*studios, 3*1 bedroom units and 3*2 bedroom family units. 8 of the units have been completely refurbished with double glazing, new carpets, fully painted and all new bathrooms and kitchens.
Facilities include guest laundry, off street parking, large private yard with children’s play area.
The owner's residence is a four-bedroom multi level home with spacious open plan living, dining and kitchen and connected to office/reception. Secure parking for 2 vehicles.
AAA Thames Court Motel is 4-star rated. It is also rated #4 out of 18 motels on Trip Advisor in Oamaru.
Situated on Thames Street, State Highway One, the motel is 113km north of Dunedin and close to the town centre, shops, restaurants, cafes, historic precinct and revitalised harbour area.
Activities in Oamaru
- Steampunk HQ
- Historic Precinct that contains NZ's largest collection of Victorian architecture
- Scotts Craft brewery
- Blue and Yellow-eyed Penguin colonies
- Moeraki Boulders (35 minute drive) and visit Fleurs for a coffee or a meal.
- North of Oamaru is the Waitaki River and lakes for fishing and jet boating
- Alps 2 Ocean cycle trail
- Nature and wildlife tours
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: MBIEMay 2018). Take the opportunity now to invest in this growth sector!
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.