Link Business
*** SOLD ***

Award Winning Motel - 33 years remaining on lease

$650,000Far NorthListing: #NL00047


Far North  


$650,000


Accommodation/Motel/Hotel
Refer to Broker


About this business for sale

Award Winning Motel - 33 years remaining on lease

The Property

Kauri Park Motel - award winning and the #1 motel in Kerikeri as ranked by Trip Advisor. Beautifully presented and well maintained property set in 2 acres of sub tropical, park like grounds. The complex has 11 low maintenance, modern units comprising of 2 standard room, 2 spa studios, 3 executive spa studios, 1 premium spa studio, 2 one-bedroom spa apartments and 1 two-bedroom apartment. All the units are ground floor and open onto private decks overlooking the gardens. There’s a great pool and BBQ area with a gazebo for guests to relax in. There’s also an art gallery adjoining reception which has proved very popular with guests (Previously used as a small conference room)

Owner's Accommodation

Comfortable 3 bedroom accommodation with 2 bathrooms (one with a spa bath).  There’s a large kitchen and a good sized lounge/dining room with heat pump. Outside there is a north facing deck and private gardens getting all day sun. There’s also 3 garages/workshops for the owners own use.

General Information

Impressive trading figures that have been steadily increasing year on year offering a great return on investment. High occupancy both in summer and winter made up of a constant stream of new business plus great repeat clientele and a loyal corporate base.

33 years remaining on the lease - 4 Star Qualmark rated.

1 weeks training offered to new owners plus the current owners will offer their services to mind the motel in the future if required.

Genuine reason for sale.

All enquiries to:

Jenny Blain or Michael Osborne

Northland
jenny.blain@linkbusiness.co.nz

+64 21 455 421

Jenny Blain

Northland
michael.osborne@linkbusiness.co.nz
+64 9 222 0120
+64 27 242 6881

Michael Osborne

*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.