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About this business for saleMaximise your income
High Street Living Motel is a classic kiwi style single level complex with 10 units comprising of 4 * studio and 6 * two bedroom spacious units.
Located right in the heart of the pretty port town of Picton in Marlborough, the motel is in the main street and next to restaurants, cafes and bars and only a short stroll to the Picton waterfront, inter island ferry terminal and railway station.
The lease has 9 years to run before the landlord decides on plans for the property. The owners are both too busy to manage the motel business as they also own a very busy bar next door. The motel business is priced to sell and presents a unique opportunity for a new motivated owner to give the business a jump start and earn potentially attractive returns.
The owners will consider all offers!
*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.