Attractive return on investment
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About this business for saleAttractive return on investment
Admirals Motor Lodge, Blenheim, is located in the heart of NZ's world renowned wine growing Marlborough region. This double storied 20 room complex is set in expansive grounds with mature trees and plenty of guest outdoor areas, including a beautifully landscaped creek area. Both the guest and owner's accommodation are very spacious.
- 1 * 3 bedroom
- 5 * 2 bedroom
- 3 * 1 bedroom
- 11* Studios
As well as the 20 guest units, the complex has conference (cater up to 50 people) and boardroom (cater up to 15 people) facilities. There is ample parking for up to 25 vehicles and guest facilities comprise outdoor seating areas with BBQ, swimming pool and spa.
This multi level residence is so spacious, with 3 double bedrooms, 2 bathrooms, large living and kitchen areas with a private courtyard. Reception is connected to the residence and it also has a connecting private office. Double garaging.
Over the last 7 years the owners have tirelessly worked to build the business and net profit has been rising consistently. With the projected growth in visitor numbers, the tourism business is looking very attractive and this is a chance for new motivated owners to keep the momentum going.
The property is located 3 minutes from Blenheim airport and 25 minutes from the Picton ferry that connects the North and South Island with an estimated 1 million passengers p.a. It is conveniently located to a number of restaurants, cafes and bars as well as a supermarket and shopping mall.
*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.