Motel FHGC, Lower Hutt

Camellia Court Motel is being offered for sale as a freehold going concern that includes land/buildings and the business.

Reasons to buy!

• Recently refurbished
• Excellent long term investment with the option to sell the business in the future
• Attractive net profit

The Complex
Situated on expansive grounds, with child's playground, the motel comprises of 15 units as follows:            

• 4 x Studio units
• 7 x One bedroom units
• 4 x Two bedroom units

The spacious manager’s residence comprises of 3 bedrooms.

Location
Centrally located in Lower Hutt, Camellia Court is a short stroll from the heart of Lower Hutt , cinemas, Westfield shopping centre, and in close proximity to a number of bars, restaurants and public transport.  A 5 minute drive to Hutt Hospital and Boulcott Clinic, 15 minutes to Wellington CBD, ferry terminals, Te Papa and Westpac Stadium. Easy access to SH 2 but without the highway, rail and High Street noise!

The Opportunity
Tourism for NZ is now a major export earner and is experiencing tremendous growth. Visitor arrivals to New Zealand are expected to grow 4.6 per cent a year, reaching 5.1 million visitors in 2024 from 3.7 million in 2017 and total international spend is expected to reach $14.8 billion in 2024, up 40 per cent from 2017. (Source: MBIE May 2018).  The purchase of Camellia Court Motel is an excellent opportunity to take advantage of this growth and a new owner will be purchasing a property with a stable and potentially attractive growing income, further enhancing the value of the investment. 

To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.

***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. Please contact the broker for further details.