26-Unit Motel, Picton
Motel
ActiveHospitality & TourismMarlboroughB2C
Asking price
$995,000
Disclosed · NZD
Revenue (est.)
~$685,687
Estimated · comparable listings of this type and size
Earnings (est.)
~$257,492
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~3.9×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
- Well-established leasehold motel business in the heart of Picton
- 26 accommodation units: 3 two-bedroom, 2 one-bedroom and 21 studio units including 4 family studios
- Walking distance to cafes, restaurants, supermarkets, the waterfront and both ferry terminals
- Attracts holidaymakers, business travellers, families, tour groups and ferry passengers
- Multiple income streams across the year
- Spacious owner's accommodation on site
- Positioned as a base for the Marlborough Sounds, wineries and the Queen Charlotte Track
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