Hotel Business for Sale in Fox Glacier
| Asking: |
$2,400,000 |
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| Turnover: |
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| Type: |
Accommodation |
| Location: |
Fox Glacier |
| Hotel - Substantial Tourism Asset - More Room To Grow. Price Drastically Reduced to $2,400,000 FHGC. |
| Business
Description: |
The current owners wish to retire. This creates an opportunity for an astute purchaser to take over from what has been achieved so far at a favourable price and develop the complex to its full potential. We would point out that the property is fully complete at this stage of development. A new owner operator could simply purchase the business and operate successfully with the current infrastructure. The potential would then remain to develop further in the future as required. This near new hotel property is situated on over 6,000m˛ of land, enjoying arguably one of the best views of Mt Cook and Tasman.
The property is comprised of 19 hotel style rooms which were completed in 2006. Excellent infrastructure has been put in place, providing potential for easily another 16 rooms. A near new restaurant and bar completes the picture. Further potential remains with buildings ready to be converted to a small movie theatre.
This property once housed an older style motel block, of which seven of the older units still remain. These provide much needed staff accommodation, along with some potential for overflow as required. Options exist to either redevelop or refurbish this block. |
| Business
Resources: |
| The present owners of 12 years now wish to sell for genuine health reasons. This property represents a solid asset for the price with great potential to improve current operation as well as further develop the property. Now would seem to be a good time to get in on the ground floor. |
| 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: 17743
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| Listing URL: |
| www.nzbizbuysell.co.nz/17743
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