Business For Sale. Otago Leasehold Motel Opportunity - Great Price!

Wow, truly great buying of a new 30-year motel lease in this busy town just over half an hour's drive north of Dunedin! This 10-unit motel is well-located near the junction of SH1 (the main South Island highway) and SH85 (the main road to Ranfurly, known as the Pig Route), which is the gateway to Central Otago towns of Naseby, St Bathans, Alexandra etc. It is only approx 30 minutes from the Macraes Goldmine in East Otago, which is New Zealand's largest goldmine. This motel provides a sought-after haven for those working in the area, as well as for domestic and international tourists requiring a relaxed place to stay.

With 10 spacious motel units, and a 2-bedroom owner's residence on an elevated site of over 2,200 sq m, plus loads of parking for guests, the motel provides an excellent opportunity for those seeking a profitable business (with manager's accommodation) in a lovely lifestyle location. A reasonable rent has been set for the commencement of the new lease.

The business revenue was remarkably consistent for the first three years under the stewardship of the vendors, but in the last two financial years has shown significant strong growth which appears to be well-poised to continue on into the future. Having set this business on an excellent footing, the vendors are now seeking another direction, making a truly exciting opportunity for an astute purchaser who will immediately recognise the benefits of purchasing a new motel lease in this location.

Contact Athol McCully today, and become the proud new operator!