Ad ID: 68869 Inactive

Motel Complex for Sale Nelson

All the facilities, half the stress

Location:
Asking:
Business Lease $450,000

Business for Sale Description

Motel Complex for Sale Nelson

Located on a great site, in the rapidly developing Richmond area of Nelson, this 20-motel unit complex is ready for new owners, by way of a new 30-year lease.

Refurbishment of seven of these units has led to an increase in corporate travellers returning to this motel. The increased room rate and occupancy of these refurbished units, shows that there would be a big upside to completing the refurbishment and capitalising on the large corporate sector and the ever growing tourist market.

An onsite restaurant and bar and the adjacent historical villa, which has been modernised and is operating as a popular restaurant, are operated under separate individual leases.

Nelson is a progressive city and always a destination for local travellers and tourists. Tourist figures are still increasing and with total tourist numbers nearly reaching 4 million last year, the hospitality sector can look forward to good times for some time yet.

We would welcome your enquiry on the Business Lease at $450,000 of this Motel for sale in Nelson via our website or by phoning INKY STOVE on 0800 263339, DDI 03 550 0471 or 021 182 6940.

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