30-Unit Oamaru Motel with New 35-Year Lease
Motel
ActiveHospitality & TourismOtagoB2C
Asking price
$850,000
Disclosed · NZD
Revenue (est.)
~$585,763
Estimated · comparable listings of this type and size
Earnings (est.)
~$219,968
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~3.9×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
- 30-unit motel business on SH1 just north of Oamaru town centre
- New 35-year lease with stepped rent
- Sits alongside a complex with tenpin bowling, gaming lounge, restaurant, bar and function centre
- Near the new indoor sports and recreation hub serving the Waitaki district
- Freehold going concern (land and buildings) available separately to a purchaser
- Popular tourist area known for its Victorian precinct, blue penguin colony and public gardens
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