Award Winning Motel - 33 years remaining on lease
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About this business for saleAward Winning Motel - 33 years remaining on lease
Kauri Park Motel - award winning and the #1 motel in Kerikeri as ranked by Trip Advisor. Beautifully presented and well maintained property set in 2 acres of sub tropical, park like grounds. The complex has 12 low maintenance, modern units comprising of 2 standard rooms, 3 spa studios, 3 executive spa studios, 1 premium spa studio, 2 one-bedroom spa apartments and 1 two-bedroom apartment. All the units are ground floor and open onto private decks overlooking the gardens. There’s a great pool and BBQ area with a gazebo for guests to relax in. There’s also an art gallery adjoining reception which has proved very popular with guests (Previously used as a small conference room)
Comfortable 2 bedroom accommodation with ensuite bathrooms for both bedrooms (one with a spa bath) There’s a large kitchen and a good sized lounge/dining room with heat pump. Option for a 3rd bedroom if required. Outside there is a north facing deck and private gardens getting all day sun. There’s also 3 garages/workshops for the owners own use.
Impressive trading figures that have been steadily increasing year on year offering a great return on investment. High occupancy both in summer and winter made up of a constant stream of new business plus great repeat clientele and a loyal corporate base.
33 years remaining on the lease - 4 Star Qualmark rated.
1 weeks training offered to new owners plus the current owners will offer their services to mind the motel in the future if required.
Genuine reason for sale.
All enquiries to:
Jenny Blain or Michael Osborne
+64 21 455 421
*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.