Coffeys - Tourism Property Brokers ltd. | LREA

30 years in business. 1984 - 2014

Beautiful Freehold Lifestyle Motel

Greymouth

Reference: 3179

Options available from $680,000

Situated close to the famous Shantytown gates and just 15 minutes from Greymouth, this is a property with a real point of difference. If you prefer the sound of native birds, including Tui, Bellbird and Fantail in the surroundings of native trees, pungas and ferns to an asphalt car park, then this may be for you.

The current owners have developed six luxury motel units which are approximately eight years old. The environment and surroundings are more akin to a luxury lodge or retreat and plans have been drawn up for an additional four motel units. Purchase options are available with the property which is on two separate titles:

- Motel Units on 1.9983 ha - rateable value $640,000 plus chattels
- Bare Land on 1.0539 ha - rateable value $119,000.

It would be possible to purchase the motel block on its own and look to build perhaps a new owners residence on the same site (subject to resource consent). Alternatively, the two-bedroom unit could be used as the owners residence. The undeveloped is also available for purchase should that be desired.

The West Coast is now showing strong recovery from the difficult trading conditions brought about firstly by the Global Financial Crisis and then the Canterbury Earthquakes. Tourism numbers are on the rise again and figures coming in from other motels in various West Coast locations would support that.

With the owners having done much of the ground work, it is now ready to be taken to the next level. The property has been marketed at rateable values, however the owners now wish to retire and would seriously consider all reasonable offers.

We would welcome your enquiry on the Land, Buildings & Business from $680,000 of this motel for sale in Greymouth via this website or by phoning KELVYN COFFEY on 0800 263339, DDI 03 550 0459 or 027 432 0565.

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