Motel FHGC in PictonListing: #EL00931
About this Business for sale in MarlboroughMotel FHGC in Picton
Ferrylink Motel is for sale as a FHGC. This is a wonderful opportunity to purchase the land, buildings and the business of a highly profitable operation.
The motel is a very functional and easily managed 11 unit motel complex, comprising of 9 studios and 2*1 bedroom units. In addition, a 2 bedroom unit previously used as the manager's residence is not currently used and requires refurbishment, but could be the 12th unit!
Reasons to buy
- 10% (approx) return on investment
- 82% Occupancy
- The majority of the units have been refurbished
- Excellent mix of commercial and tourist guests
- Net profit margin to gross sales of 50% (approx)
A modern residence comprising of 3 bedrooms, spacious lounge/dining and well equipped kitchen. The master bedroom (upstairs) has an en-suite and walk-in-wardrobe. Living is upstairs with beautiful views overlooking Picton and the surrounding hills. Downstairs has 2 bedrooms and a bathroom and connects to reception.
Ferrylink Motel is a 15 minute walk to Picton's CBD and the waterfront area (approx 1km). It is a 2-3 minute walk to Crow Tavern & Restaurant, corner store, takeaways, and bars.
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.
To find out more, go to linkbusiness.co.nz/EL00931 and press the “Enquire Now” button to complete an online confidentiality agreement.
Jono Jarvis, 021 177 9760, email@example.com
***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.
#motel #accommodation #picton
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*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.