Ad ID: 15152

Motel Complex for Sale Picton

Huge Land Area, Big Opportunity. FHGC $2,600,000 

Location:
Asking:
$2,600,000

Business for Sale Description

Motel Complex for Sale Picton

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 manager’s 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.

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.  

Interested In This Opportunity?

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Coffeys Tourism Property Brokers Ltd
For more info
Contact:

Kelvyn Coffey

Kelvyn Coffey
03 550 0459 or 027 432 0565
any time
Phone: Kelvyn Coffey or 027 432 0565
Coffeys Tourism Property Brokers Ltd
REAA 2008
Broker Ref: 2183

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