Ad ID: 79652
12 Unit Motel for Sale Blenheim
Great Return on Investment in Blenheim
Business for Sale Description
12 Unit Motel for Sale BlenheimThis 12 unit property has the luxury of being one of the first motels that you strike on entering Blenheim from the South. It is on the main road from Christchurch to Picton so has a very high volume of passing traffic using the Inter Island ferry.
Recent refurbishment on new bathrooms and kitchens has modernised this property, which is very well presented with quality furnishings a fittings. A four-bedroom house for the operator is a bonus as it is certainly larger than most motel owner\'s accommodation. The vendor has also committed to extending the lease to 25 years for the new operator. Currently running at over 72% occupancy for the last year, this business is supplying a very good return on investment.
Blenheim is a very progressive area with the wine industry being a very big player in the continuing growth of the town. However, other major players have seen the potential and invested in new grocery and hardware and building outlets.
There are many tourist attractions in the area and all requirements of tourists is covered, however the major players for Blenheim motels is the very large corporate clientele base so the mixture of these two income streams keep up the vibrancy in the Blenheim area. This is a very tidy business and well worth inspection.
Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.
We would welcome your enquiry on the Business Lease at $709,000 of this Motel for sale in Blenheim via our website or by phoning INKY STOVE on 0800 263339, DDI 03 550 0471 or 021 182 6940.
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