0800 263 339

New 12 unit complex just opened - great location

Kaikoura
Reference: 2720
Motel / Motor Lodge
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 are fitted out to the most modern and upmarket standard, including all having air conditioning.

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.

The motel opened in late September 2019 and is already trading well.

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 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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Kelvyn Coffey

Kelvyn Coffey has specialised exclusively in the sale of commercial accommodation businesses since 1984, with the forming of a company then known as South Island Motel Brokers Ltd. The business enjoyed success in the industry throughout the 1980's, with expansion of its activities into hotel brokerage (pubs and taverns) and later general business brokerage.

Having sold his interests in that agency, (which still operates today under a different name) he formed this company in 1995. The reason being that he wished to re-focus on specialising exclusively in travellers’ accommodation businesses. In 1996, he was appointed as the South Island consultant to the Motel Association of New Zealand.

For many years, he provided advice and information to Motel Association of New Zealand members as part of the benefit of their membership.  MANZ merged with Hospitality New Zealand in 2015.   HNZ continues to receive many questions on matters relating to leases, rentals, market trends etc., and he is happy to receive and assist with a steady number of enquiries from the team at HNZ.

Kelvyn also sits on the Industry Advisory Group to the Real Estate Authority for Business Brokerage. The REA is the government body controlling and regulating the Real Estate Industry. They seek advice and feedback from the group, which meets with the authority twice yearly, and consults when required.

From small beginnings in the South Island in 1984, (in those days no one had heard of a specialist “motel broker”), Kelvyn is proud to now run a nationwide company with a brand that is well recognised and respected within the industry throughout New Zealand.  He appreciates his good fortune in having been able to build a team of dedicated and professional brokers with support crew second to none.

Kelvyn has seen the economic highs and lows and is happy to share his experience with anyone contemplating entering the business. He lives in Christchurch, happily married to Colleen since 1988, with four (now adult) children. When time permits, hobbies include cycling (no lycra), snowboarding, photography, reading and hi-fi.

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