Coffeys - Tourism Property Brokers ltd. | LREA

30 years in business. 1984 - 2014

New 12 unit complex opening soon - great location


Reference: 2720

Business Lease $575,000

Kaikoura has staged a spectacular recovery post the November 2016 earthquake. Accommodation providers in the area are reporting excellent trading results.

This new 12-unit motel is located in a prime location very close to the town centre. This motel is aimed at the top end of the market, having an excellent mix of units. A good number of the units have spa baths, a popular attraction for guests and commanding a premium tariff. All units will be fitted out to the most modern and upmarket standard, including all having air conditioning.

Completion is expected mid-2019 and a new 35-year lease is offered from the date of completion and the issue of a Code Compliance Certificate from the Kaikoura District Council.

The site is generous at 1,600 sqm, providing a spacious environment. This, combined with an excellent aspect makes this motel most appealing from the street and of course appealing to stay in. Capping off the package is a nice 3-bedroom residence, with internal access double garage and master bedroom with en-suite with spa bath.

We believe that at the price being offered and the very fair tiered rental arrangement available, there should be plenty of upside in this for an astute operator.

Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.

We would welcome your enquiry on the Business Lease at $575,000 of this Motel for sale in Kaikoura via our website or by phoning KELVYN COFFEY on 0800 263339, DDI 03 550 0459 or 027 432 0565.

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