FHGC Celtic Motel for Sale Foxton

Asking Price: $2,100,000
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FHGC Celtic Motel for Sale Foxton

During 15 Years of enjoyable ownership the owners have lifted this motel complex to a very high standard of presentation. They wish to offer this 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 and double garage. All with the 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 past 9 months Celtic Motel has achieved an occupancy of 65% compared to Horowhenua approx 48%. The motel has seen a 46% growth in income this year and is enjoying the best ever turnover figures for the last 15 years.

Guests are attracted to Celtic Motel with the motorway completed from Wellington to North Otaki. Otaki to North Levin motorway is set to start 2025 and be completed 2029. Foxton will soon be just an hour out of Wellington and the first town to stop at on SH1 after leaving the capital.  What an opportunity! This along with the projected Horowhenua population growth forecast to 60,000 by 2050 a buyer can not miss.!

The owners have placed Celtic Motel on the market offering the buyer 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

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