Motel Apartments Business for Sale
| Asking: |
$420,000 |
|
| Turnover: |
|
| Type: |
Accommodation |
| Location: |
Nelson |
| Riverlodge Motel Apartments for sale in Nelson. Business lease for sale. Excellent location. Well established. Long lease.
|
| Business
Description: |
Business Lease - $485,000 + gst (If any)
River Grove Cottage $420,000
Location
The Riverlodge Motel Apartments are located on the corner of Collingwood and Grove Streets, facing the picturesque Maitai River and on the edge of the Nelson Central Business District. Situated in an area known as “The Wood” the immediate neighborhood comprises an established residential area. A number of tourist accommodation businesses are located throughout The Wood area.
The Motel
The River Lodge Motel Apartments offer an excellent accommodation mix consisting of 11 comfortable well appointed units. The motel consists of 7 original motel units and a modern 2 storey block of 4 interconnecting units. The accommodation mix comprises 7 studio units, 3 one bedroom units and one 2 bedroom unit. One of the units offers disabled access facilities and a spa bath.
All units are well appointed with kitchen facilities, SKY TV, telephone, private off street parking and in room modem access. A guest laundry is also available.
The executive suite is a popular venue for meetings, trade displays, reunions, interviews and conferences for up to 20 people.
Owners Accommodation
The owner’s accommodation consists of a stand alone bungalow with 3 bedrooms (2 x double & 1 x single) and one bathroom. The kitchen, lounge and dining room are open plan with a double ranch slider leading out to a private courtyard.
The Cottage
In addition to the motel lease is a charming, sunny, self contained cottage circa 1860 which is offered for sale as a freehold going concern and is effectively sold as the motel’s 12th apartment. The cottage has its own website and is linked into the motel booking system. This tastefully restored cottage with sympathetic quality furnishings can accommodate up to 6 people in its 3 bedrooms (queen, double and twin). Featuring high ceilings, French doors and a mature garden off the deck, River Grove accommodation compliments Riverlodge Motel Apartments by offering families or groups totally self contained accommodation.
Freehold Going Concern $420,000.00 + GST (if any).
|
| Business
Resources: |
Brokers Comments
After 7 years running this business and with the kids grown up, the vendors are looking for new challenges. Being right on the edge of Nelson’s CBD, Motels in this part of Nelson enjoy good occupancies and an excellent business mix from corporate, commercial, families, tourists and repeat guests. The existing lease has just under 28 years to run. If you are looking for a great business opportunity then the Riverlodge Motel Apartments has to be considered.
For more information contact broker Nick Lambert. Additional confidential information will be provided upon the signing of a confidentiality agreement.
|
| Contact: |
| Nick Lambert from Vining Realty Group Limited MREINZ (Licensed Agent REAA 2008) on 03 546 3565 or 021 661 594, any time, or email nick.lambert@bayleys.co.nz
|
| Listing ID: 17246
|
| Listing URL: |
| http://www.nzbizbuysell.co.nz/17246
|
| Recommend: |
 ShareThis
|
|
|
|
|
|
nzbizbuysell - New Zealand's leading Business for Sale site
|
 |
