Horowhenua Freehold Going Concern
A Freehold Listing
At 29 Purcell Street, Foxton, New Zealand
Celtic Motel is a sound investment. Why?
- Turnover up 56%,
- Occupancy increased 25.4% on last financial years figures.
- Income per unit is exceeding $41,000 ex GST.
- Strong forward bookings.
- Attractive net Profit here
During 15 Years of enjoyable ownership the owners have lifted this Celtic Motel complex to a very high standard of presentation. They offer their motel complex to a buyer with a vision for the future. The complex consists of 7 motel units with plenty of vehicle off street parking and a comfortable 3 Bedroom home with double garage. All with added bonus of vacant land providing the opportunity to extend the motel (subject to council consent).
There is a constant demand for accommodation in Foxton, from the corporate trade, travelling. and holidaying public. During the last 6 months Celtic Motel has achieved an occupancy of 63% compared to Horowhenua approx 43%. The next 6 months will offer the Christmas and New Year holiday season where the motel income will increase further.
Guests are attracted to Celtic Motel now that Transmission Gully is open not to overlook Pekepeka to Otaki Highway due to open 2022 and Otaki to North of Levin Highway set for completion 2029. These projects will put Foxton on the major highway direct from Wellington. This along with the projected Horowhenua population growth forecast at 60,000 by 2050 a buyer can not miss !
The owners have placed Celtic Motel on the market offering a buyer the the opportunity to own a very sound business plus the potential to extend the complex.
For a property information package contact Specialist Motel Broker Malcolm McCrae 0274 462 987
Details
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Units: 7 Units
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Region: Horowhenua
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Listing ID: m831
Features
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great location
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immaculate presentation
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strong forward bookings

Location
29 Purcell Street, Foxton, New Zealand
Agent


Malcolm McCrae
Malcolm McCrae is the principal of McCrae Real Estate Limited, MREINZ, REAA Licensed Agent
Malcolm (AREINZ) is a Licensed Agent REAA and has over 33 years experience selling real estate, the last 15 years specialising in the motel industry. Allied Member of the Motel Association of New Zealand and Approved Consultant of Hospitality New Zealand.
Email:
Phone : +64 6 3577743
Mobile : +64 274 462 987
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Disclaimer
The property information has been prepared from information supplied by the owners. Every precaution has been taken to establish the accuracy of the material. No responsibility or liability is accepted by McCrae Real Estate Ltd (Licensed Agent REAA 2008) its principal, agents or employees. Prospective purchasers should make their own enquires and satisfy themselves as to all aspects of this material.