Coffeys - Tourism Property Brokers ltd. | LREA

30 years in business. 1984 - 2014

Modern 17 Unit Complex with Excellent Owner's Home

Blenheim

Reference: 2543

Business Lease $695,000

THE PROPERTY
Do not miss this chance to be part of the thriving tourism and accommodation industry in the bubbling Blenheim area of the Marlborough Sounds.

Phoenix Motor Inn is a 17-unit property and has a good variety of studio, 1-bedroom and 2-bedroom units, which gives the operator a good mix of units to service most accommodation requirements. The units are fitted with quality chattels and furnishings and are very well presented.

OWNERS ACCOMMODATION
The owner's accommodation is one of the biggest we have seen with very large rooms and living areas and 3-car garaging.

CONFERENCE ROOM
A large conference room is also available and is another good source of income that could be enhanced. There is a separate kitchen in the residence area, which can be used for food preparations for conferences.

SWIMMING POOL
A recently refurbished solar heated swimming pool is popular for the guests enjoyment.

GENERAL COMMENTS
Blenheim is developing in its own right with new business and housing developments taking place in close proximity to this motel complex. It has also a revitalised conference attraction for the town and this has brought more bed-nights for moteliers with good occupancy throughout the whole year. The area is already well serviced with supermarkets, cafes and restaurants. The still-developing wine industry is also a major growth factor.

We would welcome your enquiry on the Business Lease at $695,000 for sale in Blenheim via this website or by phoning ROSS or JAN GRANT on 0800 263339, DDI 03 553 1018, Ross 027 448 9160, or Jan 027 544 1949.

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