Coffeys - Tourism Property Brokers ltd. | LREA

30 years in business. 1984 - 2014

Tourist Hotspot

Kaikoura

Reference: 2760

Business Lease $850,000

Situated on the Esplanade with outstanding views of the ocean and the Seaward Kaikoura mountain range, this 13 unit property is performing at an outstanding level with occupancy at around 92% and showing a return on investment of just under 30%.

All units are equipped with good chattels and fittings, however there are still outstanding earthquake repairs to be finalised. With those completed, the property should be very well presented to continue the current trading performance.

The property is right across from the beach deemed suitable for swimming and also very close to the Kaikoura swimming pool. About 20 minutes' walk or a 5 minute drive to the main shopping area, with some cafes and restaurants closer by if required.

Whale Watching is the main catchment industry for the tourist industry but is by no means the only activity attraction in Kaikoura. Swimming with the seals and dolphins, fishing charters, mountain biking, great hiking tracks, golf course, top class restaurants and cafes - all exciting activities to satisfy local and international holiday makers.

This is a very profitable option not to be missed.

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 $850,000 of this Motel for sale in Kaikoura via our website or by phoning INKY STOVE on 0800 263339, DDI 03 550 0471 or 021 182 6940.

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