Motel Business, Richmond

Motel Business, Richmond — Hospitality & Tourism · Richmond · Asking $550,000

Well-presented motel with a long-term lease, offering steady occupancy driven by tourists, business travellers and adventurers. 12 spacious units comprising a mix of studios, one-bedroom, two-bedroom and family suites, all with contemporary amenities and parking. Close to Nelson's CBD, beaches, sports facilities and Abel Tasman National Park, with easy access via State Highway 6. Includes an…

DealProspect/Listings/Hospitality & Tourism

Motel Business, Richmond

Motel

ActiveHospitality & TourismTasmanB2C

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Asking price

$550,000

Disclosed · NZD

Revenue (est.)

~$379,023

Estimated · comparable listings of this type and size

Earnings (est.)

~$142,332

Estimated · comparable listings of this type and size

Implied multiple (assumed)

~3.9×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Well-presented motel with a long-term lease, offering steady occupancy driven by tourists, business travellers and adventurers.
12 spacious units comprising a mix of studios, one-bedroom, two-bedroom and family suites, all with contemporary amenities and parking.
Close to Nelson's CBD, beaches, sports facilities and Abel Tasman National Park, with easy access via State Highway 6.
Includes an onsite owner's residence: a spacious three-bedroom, two-bathroom dwelling with separate indoor and outdoor living.
Low-maintenance twelve-unit complex just a few minutes' walk from the Richmond town centre.

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