Coffeys - Tourism Property Brokers ltd. | LREA

30 years in business. 1984 - 2014

A Great Time to Buy - Motivated Vendors

Tahunanui

Reference: 2651

Land, Buildings and Business $2,450,000

We are excited to present to the market the Freehold Going Concern (land, buildings and business) of Abelia Motor Lodge in Nelson. The vendors have owned and operated the motel since December 2000 and have decided to retire after operating it for 17 years.

UNITS
An excellent mix of 12 units with 6 studios, 1 deluxe studio, 1 one-bedroom and 4 two-bedroom units. This mix gives the operator good flexibility with guest allocation and tariff structure. Each unit has a lovely elevated outlook over Tahunanui. Having been built in 2000, the complex benefits from the units being much larger than their counterparts built in more recent times.

BUILT
This admired complex was built with pride by the owner operator in December 2000.

OWNERS ACCOMMODATION
Three bedrooms with two living areas.

GENERAL COMMENTS
Traditionally the model of owner-operator remains a preferred option for many people. There are obvious advantages in owning and controlling both the business and the land and buildings. Your asset is both an income generating enterprise and a commercial property investment. Each component offers growth opportunities.

With this sort of business, you always have flexibility. At any time, you could sell the business as a separate operation, retaining the freehold investment, or perhaps you would build the business up and then pursue the possibility of building more units on the vacant land, or maybe you would like to build a restaurant at the front of the complex to cater for your guests and locals. We understand that the service lines (water, phone, wire) have been laid to the edge of the lawn for the next stage of any development. This property just oozes with potential, it would be well worth you coming to take a look at it soon.

We would welcome your enquiry on this Land, Buildings & Business at $2.45m for sale in Nelson via our 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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