Coffeys - Tourism Property Brokers ltd. | LREA

30 years in business. 1984 - 2014

Highly Rated Hard to Find FHGC

Picton

Reference: 2495

Land, Buildings and Business $3,000,000

This very well presented property is currently running with 11 units, and having recently built new owners' accommodation, this has left the previous two bedroom owners' accommodation being used as a storeroom. There is a big opportunity to refurbish that two bedroom unit and add it to the letting pool. This would have a very positive impact on the revenue.

A strong client base with significant repeat customers ensures that the high occupancy levels are maintained.

Picton, as well as being the link port between the North and South Islands, also has very wide range of visitor and tourist activities available to be enjoyed. On water activities in the beautiful Marlborough Sounds as well as many land based activities make it a popular holiday destination. Only 20 minutes away puts you into the heart of the famous wine producing properties.

The motel is close to all the local shopping, restaurant and cafe scene activities so very convenient for guests.

The current owners are looking towards retirement and are offering an opportunity for new owners to reap the benefits of all their hard work.

If the freehold going concern is financially out of reach, the vendors may consider selling a new 35-year lease for $650,000 to the right purchaser.

We would welcome your enquiry on the Land, Buildings and Business at $3,000,000 of this Motel for sale in Picton via our website or by phoning INKY STOVE on 0800 263339, DDI 03 550 0471 or 021 182 6940.

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