nzbizbuysell.co.nz/92536
Ad ID: 92536

Motels 35yr Lease for Sale Milton Otago

Asure St John’s Court Motels Milton & Aotea Motor Lodge- Best In District And New 35 Year Lease!

Location:
Asking:
$695,000
+GST (if any)

Business for Sale Description

Motels 35yr Lease for Sale Milton Otago

As the only motel complex in Milton this business enjoys a genuine captive market. Milton has substantial local industry including Calder Stewart, Pan Pac Forest Products, McLay Boats and the Correction Facility that, together with the extensive area farming, draws a constant flow of visitors. And being on State Highway 1, only 20 minutes from Dunedin Airport, 30 minutes from Mosgiel, 45 minutes from Dunedin, this is a fantastic location.

Comprising two ‘combined’ but distinctly different brands (Asure St John’s Court and Aotea Motor Lodge) on opposite sides of SHW1, this business has scale – with 24 units – that caters to a diverse range of travellers.

Aotea Motor Lodge is an older development that is ideal for those on a budget, school groups, sports groups etc. It comprises 10 units (2 x studio, 3 x two bedroom and 5 x one bedroom)

Asure St. John’s Court is an impressive, modern (2006), well-appointed ‘four-star’ complex that serves the discerning customer. It includes 14 units (10 studio, including two access units and four 2 bedroom units with 3 with spa baths). The Asure loyalty programme provides extra incentive to stay. Bookings may be made either direct or through Asure. 

The owner’s accommodation is a modern and spacious three bedroom residence with two bathrooms and open-plan kitchen/dining, connected to the office area. The Kitchen includes a commercial oven if you choose to offer meals to guests. 

A brand new 35yr lease/s provides security for the new owners and the opportunity to add value to the business.

The current owners have been operating these motels since new and have priced them realistically for at $695,000 + GST (if any). The Vendor will also consider selling the two motels separately; purchase the St John's Court Motel only for $640,000.

The Clutha region is famed for its friendliness and hospitality. It is close to Dunedin (45 min) and Dunedin Airport (20 min) and within easy reach of Balclutha (20 min) and an ideal base for exploring the famed Catlins (55 min) on the southeast coast. 

  • Situated on the junction of State Highways 1 and 8, where the Southern Scenic Route joins the inland route to Central Otago and Queenstown.
  • On SH 1 Southern Scenic route
  • Gateway to Central Otago, Catlins Coast and South Otago
  • 20 minutes south of Dunedin’s International airport
  • 45 minutes south of Dunedin City
  • Ample parking
  • Excellent occupancy
  • 24 units to suit all needs


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For more info
Contact: Peter Gale

Peter Gale

021 608 107 or +64 21 608107
Tourism Properties.com
Licensed REAA 2008
Broker Ref: 3948

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