Ad ID: 44174

Motel for Sale Greymouth

Beautiful Freehold Lifestyle Motel. Options available from $680,000

Options Available from $680,000

Business for Sale Description

Motel for Sale Greymouth

Situated close to the famous Shantytown gates and just 15 minutes from Greymouth, this is a property with a real point of difference. If you prefer the sound of native birds, including Tui, Bellbird and Fantail in the surroundings of native trees, pungas and ferns to an asphalt car park, then this may be for you.

The current owners have developed six luxury motel units which are approximately eight years old. The environment and surroundings are more akin to a luxury lodge or retreat and plans have been drawn up for an additional four motel units. Purchase options are available with the property which is on two separate titles:

- Motel Units on 1.9983 ha - rateable value $640,000 plus chattels

- Bare Land on 1.0539 ha - rateable value $119,000.

Business Resources

It would be possible to purchase the motel block on its own and look to build perhaps a new owner’s residence on the same site (subject to resource consent). Alternatively, the two-bedroom unit could be used as the owner’s residence. The undeveloped is also available for purchase should that be desired.

Tourism numbers are on the rise again and figures coming in from other motels in various West Coast locations would support that.

The property has been marketed at rateable values, however the owners now wish to retire and would seriously consider all reasonable offers.

Interested In This Opportunity?

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Coffeys Tourism Property Brokers Ltd
For more info

Kelvyn Coffey

Kelvyn Coffey
0800 263339 or 027 432 0565
Phone: Kelvyn Coffey or 027 432 0565
Coffeys Tourism Property Brokers Ltd
REAA 2008
Broker Ref: 3179

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