Ad ID: 97280

FHGC Edgewater Motel for Sale Te Anau

Lake Te Anau’s great waterfront 15 unit Edgewater Motel, 1 two bedroom villa, and a spacious 4 bedroom manager’s residence, is for the sale.

Location:

Southland

Asking:

$3,300,000
+GST (if any)

Type:

Accommodation-Motels

Business for Sale Description

FHGC Edgewater Motel for Sale Te Anau

Top FHGC Motel Complex For Sale on the Waterfront

Lake Te Anau’s great waterfront 15 unit Edgewater Motel, 1 two bedroom villa, and a spacious 4 bedroom manager’s residence, is for the sale.

Highlights of this freehold Going Concern motel complex are that it enjoys prime location, across the road from the lake, and enjoys great lake views, spacious and modern manager’s residence also with prime lake views, and additional land for future development.

This extensive motel complex is situated on approximately 3035m² of prime Lakefront Drive, with a drive through the complex to Quintin Drive, at the rear of the motel.

The lakefront manager’s 4 bedroom residence also has a separate accessed 1-bedroom motel unit on the upper floor, with absolute waterfront views!

The complex was constructed around 1978, and comprises a basement of approximately 122m² and two upper floor levels totalling 245m².

The first of the two motel complexes is approximately 274m² and accommodates six motel units over 2 levels. This complex was built around 1970.

The second motel complex is approximately 291m² and has 8 ground level motel units. 7 units have recently been completely refurbished with double glazing and new roofing across the entire block, plus major internal refit and layout.

The approximate 105m² two bedroomed “Quintin Villa” was built around 1970, and is situated on Quintin drive, but has direct access from the motel complex. This Villa has had major upgrades and refurbishment also.

A current building consent (issued 31 January 2020) has been issued to upgrade the existing two storey block or rooms.

For more information register now or to arrange your viewing, please contact specialist Hospitality Business Broker, Adrian Chisholm, AREINZ, on 021 727 888 or email Adrian@tourismproperties.com.