Business for sale, sought-after town, main highway location but quiet, much parking, incl for large vehicles, 9 units: 6 studio, 3 x 2brm family, good owners accommodation, long lease, fair rent, good financials, pool and large garden/playground, commercial
Very Profitable Motel Lease for sale in Cambridge NZNZ$ 470,000 plus GST if any Captain's Quarters Motor Inn in Cambridge has been welcoming guests for many years and is perfectly placed to do so for many more.
On State Highway 1 "motel mile" for maximum exposure, but set well back down a paved driveway for peace and quiet, Captain's Quarters is a Mediterranean-styled complex with shady plaster arches framing a beautiful pool.
And it's only a 5-minute walk to central Cambridge's restaurants, cafés, boutiques, antiques shops or even the greyhound/harness-racing track.
The Motor Inn offers 9 units in a variety of sleeping configurations for maximum flexibility:· Five HUGE studio units with bathroom including bathtub. These really are unbelievably large and with their high studs, offer a great feeling of space and airiness· One equally HUGE wheelchair-accessible studio: as per the other 5 studios, but with easy access wet shower, etc.· Three MASSIVE two-bedroom family units. These can accommodate large families or groups, have large bathrooms and well-equipped kitchens· Fresh and simply effective décor - the recent renovations belie the 25-year age of the original buildings· 10 Guest Parks plus Coach Park and long vehicle parking· Individual electric heating and hot water cylinders in all units· A lovely, securely-fenced pool and poolside area with barbecue· A very large grassed children's play area, currently reserved for the operators' children but easily incorporated into the guest facilitiesOwners' Accommodation:The operators will enjoy a three-bedroom home, quite separate from the motel units, in very liveable style. The home is in excellent condition and currently accommodates a family of four.
The Motor Inn office is well placed to be clearly visible to guests while protecting owner privacy.
The privacy extends to the large walled garden where children's play equipment is very evident.
The home benefits from a double car garage, fully-equipped laundry including two washing machines and large gas dryer, and various storage and utility rooms with potential as another bedroom if desired.
The operations of the Motor Inn are very well catered for in spacious and functional areas.
The Business:Captain's Quarters is a very well-presented and well-run operation. Chattels are of good quality and in good order.
Occupancy figures are very high, and events like National Fieldays at Mystery Creek and the National and World Rowing Championships regularly see the Motor Inn full to capacity.
Turnover is very interesting indeed.
The lease is long (expiring in 2036) and the rental fair. There is a very acceptable living to be made at Captain's Quarters!
Full financial disclosure is available to qualified enquirers.
This profitable opportunity will not be available for long. Interested parties should urgently contact the Broker, Malcolm Teesdale of TourismProperties.com, on +64 27 530 8738 or email malcolm@tourismproperties.comAbout CambridgeCambridge is known as the "Town of Trees" and is also "The Home of Champions" - horses, that is.
It is elegant, inviting and comfortable living with every necessary facility including excellent schooling.
Centrally located in the lush Waikato (some of the world's finest dairy farmland) Cambridge offers easy access to events and activities including:
Lake Karapiro on the mighty Waikato River for rowing, kayaking, waka ama, water skiing, jet-boating, cruising and other water events - only 10 minutes drive from Captain's Quarters Motor Inn.Mystery Creek Event Centre for National Fieldays, Parachute Festival and many other cultural and sporting events - less than 20 minutes drive.Thoroughbred horse studs including the world-famous Cambridge Stud and several other of New Zealand's leading studs - these are within 10 minutes of Captains Quarters Motor Inn. 3 golf courses are within 20 minutesMaungatautari Ecological Island is a world-class environmental delight - a 20-minute drive will have you at the northern accessIf harness or greyhound racing is one of your interests, the complex is only a 5-minute walk away.Hamilton City and Te Awamutu are only 20 minutes' drive and within an hour you could be at Rotorua, Tauranga, Waitomo Caves, Hobbiton movie set in Matamata or the surfing mecca of Raglan. Captain's Quarters Motor Inn provides the ideal base from which to enjoy the many activities available in the Waikato and Bay of Plenty regions.