Here is the very hard to find – a new long secure lease of a top quality motel complex which is trading very well yet offers considerable ongoing upside potential. Originally asking $1,475,000 the instructions from our vendor are that he wants to move on this year and has priced for quick sale. This sort of opportunity is rare indeed and in an improving accommodation market is very unlikely to be seen again for years. Larger complexes such as this come with the big horsepower necessary to return super profits – this is indeed an opportunity for his loss and your gain.
This is a rare offering of a large motel complex which would suit an investor looking for very good future returns after management, a couple wishing to own and operate, or two couples wishing to own and operate. A three bedroom house on site, additional to spacious owners accommodation, is included in the lease rent free, allowing for a favourable dual operator option.
This large, modern 32 unit motel has been just idling along since completion in April 2007 and is now offered for sale with a very favourable new lease. The developer has cleverly positioned the motel to both stand on its own core business and to also reap the considerable benefits available within the conferences, business meetings and weddings markets. These sectors are showing good growth in this ever popular location and require the availability of appropriate amenities which other motels of the village do not provide. Some vendor finance may be available.
Current performance is admirable considering the developer owner has been content to see the complex just idle along with cash flow and profit while he readies himself for his next project. The motel is currently being operated by experienced managers who have implemented new systems and marketing initiatives from which excellent results are flowing.
The complex offers super spacious, quality units and being located in the ever popular alpine thermal village of Hanmer Springs, the ongoing upside potential of this complex is huge. The changes implemented during July 2009 to drive the business are extensive and already proving to be very successful making this an opportunity not to be missed.
We would welcome your enquiry on this motel for sale in Hanmer Springs via this website or by phoning ALAN IRONSIDE on 0800 263339, DDI 03 550 0465 or 027 522 1689.