Link Business

Motel FHGC in Picton

Listing: #EL00931

Jono Jarvis

Broker | Queenstown Lakes

Jono Jarvis

jono.jarvis@linkbusiness.co.nz

+64 3 366 3394

+64 21 177 9760


About this Business for sale in Marlborough

Motel 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)

Owner's Residence
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.

Location
​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, jono.jarvis@linkbusiness.co.nz
 

***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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Queenstown Lakes
jono.jarvis@linkbusiness.co.nz
+64 3 366 3394
+64 21 177 9760

Jono Jarvis

Enquire Now

*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.