The current lessees are moving on. This is a very profitable business operating 12 motel units just a block from the lakefront and close to the town centre with over 10 restaurants & cafes within easy walking distance. The current lessees are also professional painters & decorators, so the motels are well maintained and very well presented. Excellent long-term lease with a good landlord keen to see the property well maintained. Roomy 4-bedroom managers house providing a comfortable working environment for this excellent family business. The business has bounced right back after the challenging Covid years and is now showing a GTO of in excess of $600k and NP margin over 25%. If you can see yourself living in beautiful Te Anau and operating a profitable business with scope to grow further, then talk to Harcourts now and be in for the start of the next tourist season.
Please note: Land and Floor area measurements are approximate, and boundary lines indicative only. All efforts have been made to source accurate information from reputable sources (i.e Regional/City councils, Propertysmarts/REINZ/Property-Guru, Core Logic etc). We cannot, however, verify its accuracy and suggest this should not replace independent clarification through standard due diligence.
