Listing #:1511215937

Regency Motel Business Lease for sale - Ashburton

This is your perfect entry level motel business!
Location: Ashburton, Canterbury
Join the tourism boom by owning and operating your own accommodation business: Ashburton is the rural hub for Mid Canterbury and the motel accommodates the needs for the corporate market servicing the industries in this region.

It also caters for the domestic and international leisure markets during the summer high season and holiday periods. This motel would have to be one of the best presented and cleanest motels I have inspected for some time.

What’s on offer:

The Lease: 26 years remain on the lease which expires in 2042. Rent reviews every 2 years, Proportion of outgoings 100%.

The motel units and chattels are in excellent condition due to the ongoing painting, maintenance and replacement schedule.

15 Motel units, configuration: 6 x one bedroom units, 4 x studio units, 4 x two bedroom units and 1 x apartment.

Guest facilities: include a guest laundry, children’s play area with trampoline, outdoor pool and entertainment area with BBQ.

Owner’s accommodation: Large family home, 2 bedrooms on the second floor with shared bathroom and toilet. On the ground floor there is a master bedroom, separate toilet and bathroom, open plan dining and living areas overlooking the private courtyard garden. The motel reception is conveniently located off the hallway and kitchen area.

Brokers Comments: My vendors are looking for $490,000 + GST if any. This is a perfect entry level motel business for a family or couple. It's the first motel on East Street heading south. It's close to the AMP show grounds and Racecourse. Only 2 km from the main township and shopping prescient, Domain gardens and sports facilities.

To learn more about this opportunity please contact Brad Watts Mob: 0212 780 919 or email: brad@tourismproperties.com

Agency reference #: THL-38340
Asking price: $475,000
Listed: Fri 5 Jan, 4:04 pm
Brad Watts
TourismProperties.com
  • Contact details
  •  (021) 2780919
  •  (021) 2780919

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Agent's details

Brad Watts
  •  (021) 2780919
  •  (021) 2780919
TourismProperties.com

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