Capitalise on Resurging Hospitality Sector

Kaikoura
Reference: NM553
Motel / Motor Lodge
Business Lease $699,000

This property has been presented to cater for the high end market in the boutique accommodation sector.

It is positioned on the Esplanade with iconic views of the sea and the mountains. Originally built circa 1870 as Kaikoura's general store, it has had many incarnations since, none more polished and desirable as now. Due to the outstanding location and vision of the recent and current owners it has been remodelled. Excellent carpentry skills and a very good eye for chattels and fixings, it is now presented to the high end of the market.

The income after Covid-19 is rapidly getting back to the good times and going forward we feel that hospitality is recovering very quickly, as it did after the Kaikoura earthquakes.

The food side of this Boutique Hotel has been scaled-back to serving breakfast for hotel guests breakfast and platters for the bar, which is also open to the public from 2pm. The hotel liquor licence is from 8am to 9pm daily. A previous owner operated a very successful restaurant (the current owner a successful all-day cafe over the covid years) - presenting a new owner with a food-focus an opportunity for expansion - or to sublease to a chef.

Opportunity and class that is what this property offers new operators, don't miss this.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.

We would welcome your enquiry on the Business Lease of this Hotel 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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Inky Stove

Inky joined Coffeys after spending over 20 years in the hospitality industry. The first five years were managing a group of four hotels and the last 15 successfully running his own hotel, where he was the longest standing publican in a hotel that was first opened in 1867.

Many changes in regulations in this industry has required lateral thinking and creative actions to stay competitive. It is this philosophy that Inky brings to Coffeys along with outstanding service to his clients, which has been the cornerstone of his success in the industry.

Inky and his wife Paulette have raised two sons and two daughters and have six grandchildren. His leisure activities include rugby, cricket and golf, as well as family and friends.