20-Unit Motel Leasehold, Kaikoura

20-Unit Motel Leasehold, Kaikoura — Hospitality & Tourism · Kaikoura, Canterbury · Asking $790,000

20-unit leasehold motel in Kaikoura, close to the town's whale-watching and marine-tourism attractions Mix of studio, one and two-bedroom units, several with spa baths and all with kitchen facilities Conference room, heated pool and double glazing throughout, with recent upgrades to beds, paint and furnishings 16 years remaining on the lease; three-bedroom owner's apartment attached to reception…

DealProspect/Listings/Hospitality & Tourism

20-Unit Motel Leasehold, Kaikoura

Motel

ActiveHospitality & TourismCanterburyB2C

Find funding for this deal →View original listing ↗

Asking price

$790,000

Disclosed · NZD

Revenue (est.)

~$555,477

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

Earnings (est.)

~$207,507

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

20-unit leasehold motel in Kaikoura, close to the town's whale-watching and marine-tourism attractions
Mix of studio, one and two-bedroom units, several with spa baths and all with kitchen facilities
Conference room, heated pool and double glazing throughout, with recent upgrades to beds, paint and furnishings
16 years remaining on the lease; three-bedroom owner's apartment attached to reception
Vendor finance available

Motels in Canterbury

Motels for sale in Canterbury (9) →

Listed

active

Median asking

$600K

7 priced

Earnings multiple

3.2×

12 listings

Asking price spread7 of 9 state a price

This listing · $790K

14%

57%

29%

$250K–$500K$1M–$2.5M

New Zealand 83 · Bay of Plenty 10 · Waikato 8

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