4.5 star motel excellence
Listing: #EL00881Lindsay Sandes
Broker | Auckland - Ellerslie

About this Business for sale in Waikato
4.5 star motel excellenceAtrium on Ulster - the ultimate Hamilton accommodation is amongst Hamilton’s newest motel, accommodation and conference facilities, with Qualmark rated 4* Plus. An exceptional performer with year on year annual growth, an astute purchaser will recognise the value of this as new complex, 30 year lease and move quickly to secure a purchase.
Business is predominantly corporate with good occupancy from leisure guests in weekends and public holidays.
A welcoming soaring atrium greets guests in a significant reception area.
All 28 units are very spacious. The presentation throughout is faultless with every aspect of maintenance addressed to a very high standard. All bathrooms and kitchens are extremely well appointed with a quality that borders on a 5-star standard. The grounds are low maintenance and hold 28 guest + 3 visitor car parks.
Astute purchasers demanding the best will act quickly to secure this business
*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.