Freehold Going Concern Motel, Large Site on SHW1.
Kaikoura ref. 2821
Freehold Going Concern Motel, Large Site on SHW1.
FHGC $1,950,000

This high profile complex was originally developed as 18 units, however some years ago nine of those units were sold off as flats.  With the co-operation of both owners, the opportunity now exists to purchase the full 18 unit complex which is situated on a 4912 m2 high profile main road site.  The centrepiece to the property is the standalone two-storey three bedroom residence.  This combination provides attractive street appeal on a very wide frontage site.  Attractive gardens and large lawn area completes the picture.

The motel business currently operates under a short term lease, however the freehold going concern is offered for sale which includes the business and chattels.  The nine units to the north of the property are currently operating as residential flats and these could be seamlessly brought back in to the motel operation with some modernisation.

It is rare to be able to offer this number of units on such a land area in this price range for a freehold going concern. With further investment some real upside is evident. Be ready for the recovery!

We would welcome your enquiry on this motel for sale in Kaikoura via this website or by phoning KELVYN COFFEY on 0800 263339, DDI 03 550 0459 or 027 432 0565.


Freehold Going Concern Motel, Large Site on SHW1. Freehold Going Concern Motel, Large Site on SHW1. Freehold Going Concern Motel, Large Site on SHW1.

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