Freehold Motel, Geraldine
Motel
ActiveHospitality & TourismCanterburyB2C
Asking price
$1,579,000
Disclosed · NZD
Revenue (est.)
~$1,088,140
Estimated · comparable listings of this type and size
Earnings (est.)
~$408,623
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~3.9×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
- Freehold motel and motor lodge in a modern complex at Geraldine, one of the South Island's popular touring stops.
- Strong forward bookings and great reviews; popular with corporates, solo travellers and couples, with many repeat clients.
- Spacious three-bedroom owner's residence, one room self-contained as a B&B or overflow unit.
- Sited on 2,397sqm with room at the rear for owner privacy and potential future development, subject to consents; the only motel for sale in Geraldine.
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