18-Room Motel Leasehold, Blenheim CBD

18-Room Motel Leasehold, Blenheim CBD — Hospitality & Tourism · Blenheim, Marlborough · Asking $995,000

18-unit motel over two levels in Blenheim's CBD, a short walk from the town centre and Marlborough's events venues Mix of studio and one-bedroom units, two accessible, all pet-friendly, with on-site EV charging Qualmark 4-star rated, with a 3-bedroom owner's residence Lease to be extended to 21 years on sale Mainly corporate trade, supplemented by leisure guests

DealProspect/Listings/Hospitality & Tourism

18-Room Motel Leasehold, Blenheim CBD

Motel

ActiveHospitality & TourismMarlboroughB2C

Find funding for this deal →View original listing ↗

Asking price

$995,000

Disclosed · NZD

Revenue (est.)

~$699,620

Estimated · comparable listings of this type and size · typically within ±30%

Earnings (est.)

~$261,354

Estimated · comparable listings of this type and size · typically within ±25%

Typical multiple

~3.8×

comparable listings of this type and size · typically within ±25%

Brief

18-unit motel over two levels in Blenheim's CBD, a short walk from the town centre and Marlborough's events venues
Mix of studio and one-bedroom units, two accessible, all pet-friendly, with on-site EV charging
Qualmark 4-star rated, with a 3-bedroom owner's residence
Lease to be extended to 21 years on sale
Mainly corporate trade, supplemented by leisure guests

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