Lower Hutt Motel beat the bank!Listing: #HC00047
About this Business for sale in Lower HuttLower Hutt Motel beat the bank!
Fantastic Motel Business for Sale
Champers Motor Inn is an impressive 24 unit motel, with great street appeal. It is centrally located on Pharazyn Street, which is the gateway to all amenities in the Hutt Valley. It is an easy commute to downtown Wellington City and importantly – just a 7 or 8-minute drive to the Westpac Stadium, a huge drawcard for guests!
The complex offers a variety of options to suit all guests needs. With executive suites, studios, one and two-bedroom accommodation, there are also very substantial conference facilities that seat up to 90 guests, with associated catering options. Guests have the added benefit of the licensed restaurant and bar facilities which cater breakfast and dinner, Monday to Thursday and also cater for private functions, weddings, birthdays and other social events.
The spacious 3-bedroom owner’s accommodation, with plenty of storage, is situated conveniently above reception, away from the motel units.
The business provides a very good return on investment along with a very lengthy 30 year lease.
**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.
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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.