Motel Leasehold Opportunity, Gore

Motel Leasehold Opportunity, Gore — Hospitality & Tourism · Gore · Asking $499,000

Established twelve-unit motel in Gore, Southland, comprising studio, one- and two-bedroom accommodation Capacity for up to around fifty guests per night, serving travellers, families, groups and event visitors Generous owners' residence with three bedrooms and garaging for up to three cars Quiet setting with parking and camera surveillance, within walking distance of the town centre Landlord open…

DealProspect/Listings/Hospitality & Tourism

Motel Leasehold Opportunity, Gore

Motel

ActiveHospitality & TourismSouthlandB2C

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Asking price

$499,000

Disclosed · NZD

Revenue (est.)

~$383,551

Estimated · comparable listings of this type and size

Earnings (est.)

~$134,726

Estimated · comparable listings of this type and size

Implied multiple (assumed)

~3.7×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Established twelve-unit motel in Gore, Southland, comprising studio, one- and two-bedroom accommodation
Capacity for up to around fifty guests per night, serving travellers, families, groups and event visitors
Generous owners' residence with three bedrooms and garaging for up to three cars
Quiet setting with parking and camera surveillance, within walking distance of the town centre
Landlord open to extending the lease term by negotiation

Priced like this one

nearest on the figure this listing states