Ad ID: 67369 Inactive

4 Star Plus Motel for Sale Marlborough

Stunning Picton Motel

Location:
Asking:
$1,295,000

Business for Sale Description

4 Star Plus Motel for Sale Marlborough

Broadway Motel is a 4 Star Plus motel, located in the thriving seaside town of Picton and offers a wide range of modern, spacious units with a real contemporary feel. This motel offers investors a stable and growing income.   

Reasons to buy:

  • Trip Advisor 'Certificate of Excellence' winners 2013 - 2017
  • High profile location
  • Long lease tenure
  • Qualmark rated 4 Star Plus
  • Net income has risen consistently over the last 6 years
  • Excellent mix of units

Complex

The complex has 18 units, all with quality fittings, double glazing and air-conditioning, comprising of:

  • 5 * 1 bedrooms
  • 2 * 2 bedrooms
  • 11 * studios

The owner's residence has a large master and single bedroom, spacious lounge, dinning and full kitchen. Bathroom with shower and bath plus separate toilet and laundry. A unique feature of the residence is internal access to a “one bedroom family unit” which sleeps 4, separate bathroom with shower and separate toilet plus a large balcony. This unit can be used for the owner's family or used as guest overflow or motel minders. It is extra to the 18 units. Garaging is a single garage.

Location

​Broadway Motel is a short stroll to Picton's main street cafes and bars, waterfront, inter island ferry terminal and railway station. It is also close to a major supermarket.

Picton is the starting point for explorations of the Marlborough Sounds and gateway to the South Island. Picton is also a convenient stopping off point for travelers leaving and arriving on the popular Interisland ferry. The ferry operates between Wellington (NZ’s capital city) and Picton and carries an estimated 1 million passengers annually.

NZ Tourism

Tourism in NZ is now a major export earner and experiencing tremendous growth. International tourism spend is expected to reach $15 billion in 2023, up 52 per cent from 2016. (MBIE, 12 May 2017). Take the opportunity now to invest in this growth sector.

To find out more, go to www.linkbusiness.co.nz/EL00845 and press the “Enquire Now” button to complete an online confidentiality agreement.

***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.

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