Link Business

4 Star Plus in every way!

$1,395,000MarlboroughListing: #EL00845


Marlborough businesses for sale 


$1,395,000

Accommodation/Motel/Hotel businesses for sale
Refer to Broker


About this business for sale in Marlborough

4 Star Plus in every way!

Broadway Motel, located in the thriving seaside town of Picton, has wonderful street appeal, a contemporary image and offers superior accommodation. This motel will attract investors looking for an attractive income along with a stable business.   

Reasons to buy:

  • High profile location
  • Long lease tenure
  • Trip Advisor 'Certificate of Excellence' winners 2013 - 2016
  • Qualmark rated 4 Star Plus
  • Net income has risen consistently over the last 4 years
  • Occupancy 'best in class'
  • Excellent mix of units

Complex
The complex has 18 units, all with quality fittings, double glazing and air-conditioning, comprising of:

  • 5 * 1 bedrooms
  • 2 * 2 bedrooms
  • 11 * studios

The owner's residence has a large master and single bedroom, spacious lounge, dinning and full kitchen.  Bathroom with shower and bath plus separate toilet and laundry. A unique feature of the residence is internal access to a “one bedroom family unit” which sleeps 4, separate bathroom with shower and separate toilet plus a large balcony. This unit can be used for the owner's family or used as guest overflow or motel minders. It is extra to the 18 units.  Garaging is a single garage.

Location
​Broadway Motel is a short stroll to Picton's main street cafes and bars, waterfront, inter island ferry terminal and railway station. It is also close to a major supermarket.

Picton is the starting point for explorations of the Marlborough Sounds and gateway to the South Island. Picton is also a convenient stopping off point for travelers leaving and arriving on the popular Interisland ferry. The ferry operates between Wellington (NZ’s capital city) and Picton and carries an estimated 1 million passengers annually.

NZ Tourism
Tourism in NZ is now a major export earner and experiencing tremendous growth. International tourism spend is expected to reach $15 billion in 2023, up 52 per cent from 2016. (MBIE, 12 May 2017). Take the opportunity now to invest in this growth sector.

Reference: EL00845

Auckland - Ellerslie
jono.jarvis@linkbusiness.co.nz
+64 9 579 9226
+64 21 177 9760

Jono Jarvis

*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.