Starter Motel on Highway 16

Hospitality for Sale
Catylist Listing ID: 30197653
Property Subtypes: Bed & Breakfast, Motel
Number of Units: 14 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $698,000
Unit Price: $49,857.14 Per Unit
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2018

Overview / Comments

Being offered is the Siesta Inn in beautiful Vanderhoof, BC – The Geographical Centre of BC!
The Siesta Inn has been a mainstay of the hospitality industry in Vanderhoof for over 50 years and has seen only two owners in the past 40 years. The present owners of 13 years have now raised their family and wish to move on to other ventures.

The 14-unit motel has seen regular upgrades over the years and is in good condition. The last major upgrade was done in 2012 which included a new torch on roof and all new bathrooms. There is a 3 bedroom fully renovated house for the owners which is very comfortable and attractive.
This business has provided a very comfortable lifestyle to the owners over several decades and remains very profitable. The motel patrons include travelers off Highway 16 and work crews in the area.

If you are looking for a good quality, profitable entry level motel the Siesta Inn warrants your consideration!

Additional Details

Regional District: Bulkley-Nechako
Parcel ID: 004-943-601
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Largest Nearby Street: Highway 16
Highway Access: Yes
Property Condition: Good
Parking Type: Surface
Zoning Description: C-2
Water Service: Municipal
Sewer Type: Municipal


Photograph of Listing Agent

Larry Berisoff

RE/MAX Kelowna Commercial First Member
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