11-Unit Motel, Carterton (Freehold Going Concern)
Motel
ActiveHospitality & TourismWellingtonB2C
Asking price
$1,700,000
Disclosed · NZD
Revenue (est.)
~$1,195,331
Estimated · comparable listings of this type and size · typically within ±30%
Earnings (est.)
~$446,534
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
- Spanish-styled motel in central Carterton, close to the Events Centre and shops
- 11 ground-level units plus a heated saltwater pool for guests
- Three-bedroom owner's residence attached at the front of the property
- Regular bookings from Massey University, sports teams and road crews
- Sold with land and buildings, not just the business
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