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*** SOLD ***
Rare Motel Lease Opportunity with Freehold Option
Listing: #17984
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About this Business for sale in Far North
Rare Motel Lease Opportunity with Freehold OptionHere's that rare opportunity you've been waiting for. For sale is the lease on this 4 star motel, with an option to purchase the freehold. One of the very few accommodation properties on the market that ideally suits a family. Bring everyone - including the cat and dog. Owners' accommodation is on 1 level and is totally separate from the motel units (this is very hard to find). Attached sleep out could be used as an additional motel unit, or to provide accommodation for extended family / friends. Additional storage and workshop area + extra parking for the boat included! Property has a resort style swimming pool, plentiful parking and guest laundry. Set in park like surrounds with a mature sub-tropical garden, this really is an enviable setting. High profile on the main arterial route into Kerikeri - situated perfectly to capture passing traffic. The property could easily be run by a two person team (eg. husband / wife) with a bit of help from casuals during the peak periods. The motel has a very loyal and regular corporate customer base. A healthy business with continued investment in the premises over the years - the property is in great condition and the returns will reflect the efforts put in over time by the current owners. A must to inspect - make an appointment today. Lease priced competitively at $425,000.00 Freehold going concern option priced at $1,950,000.00 Agent: Michael Osborne
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This listing is no longer taking enquiries as it is SOLD
*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.