Coffeys - Tourism Property Brokers ltd. | LREA

30 years in business. 1984 - 2014

Motel & Holiday Park - FHGC Available

Hokitika

Reference: 3301

Land, Buildings and Business $2,200,000

A good business in a growing tourist town. This is great buying based on March 2017 accounts, with the business showing significant increases in revenue and profitability, suggesting a compelling reason to buy now.

The Westland Co-operative Dairy Company acquired the Hokitika Holiday Park which ceased to operate as from November 2015. This has provided a further boost to other accommodation providers in the town.

The motel units are all large, made up of 4 free standing two-bedroom cottages and a further 5 spacious two-bedroom family units, plus 5 studio units in the main block. The units in the main block open out to a sunny west facing lawn and garden area with childrens playground and barbeque. This provides the guests with a very pleasant environment in which to enjoy their evenings. All of the bathrooms in the main block have been upgraded, with new linings, shower cabinets, vanities and toilets.

The property has a total land area of 5,937sqm and the motor home park has 11 powered sites plus 3 cabins with TV and tea and coffee making facilities. There is also a TV lounge with Sky TV and full kitchen facilities. Laundry facilities are provided on site and of course the ablution block including access bathroom. These facilities are presented in excellent condition. Other facilities to attract and retain guests include a large in-ground swimming pool (the only motel with a pool in Hokitika).

The package is capped off with a spacious and private four-bedroom managers home, which enjoys its own private outdoor area as well.

Revenue held up well in the earlier difficult economic times and produced a steady bottom line. The West Coast is marketed as a major tourism destination with Hokitika as a must do increasingly on tourists itinerary.

We would welcome your enquiry on the Land, Buildings & Business at $2,200,000 of this motel & holiday park for sale in Hokitika via our website or by phoning KELVYN COFFEY on 0800 263339, DDI 03 550 0459 or 027 432 0565.

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