Motel Complex Business for Sale in Picton
| Asking: |
$3,200,000 |
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| Turnover: |
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| Type: |
Accommodation |
| Location: |
Picton |
| Freehold Going Concern Motel Complex, Huge Land Area, Big Opportunity. $3,200,000. Less than one kilometre from the ferry terminal. The business has recently been awarded a Qualmark Enviro Gold rating. |
| Business
Description: |
| Offered as a freehold going concern, this substantial motel occupies a prime site of 6,365sqm, less than one kilometre from the ferry terminal.
The motels are comprised of 19 units, plus a separate two bedroom residence on its own title. Additionally, the managers residence has five bedrooms and two living areas. Extra revenue is generated from some storage sheds.
The property is on seven titles, which opens up a number of possibilities. The motel operation could be continued without the need to occupy all of the land. The additional land could be developed or sold off to reduce the cost of the motel.
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| Business
Resources: |
| This is an opportunity to acquire a large parcel of land in a prime and strategic location. Existing business offers good returns with the options available to redevelop or refurbish.
|
| Contact: |
| Kelvyn Coffey from Coffeys Tourism Property Brokers Ltd (Licensed Agent REAA 2008) on 03 550 0459 or 027 432 0565, any time, or email info@coffeys.co.nz
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| Listing ID: 15152
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| Listing URL: |
| www.nzbizbuysell.co.nz/15152
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