HIGH PROFILE COMPLEX.

STRATEGIC MAIN ROAD LOCATION.

RE-DEVELOPMENT POTENTAIL.

HOLDING INCOME.

 
This is a rare opportunity to secure a substantial land and building investment whilst operating a well established Motor Lodge.
Comprised of two complexes sitting on an impressive 4,215 sqm site, fronting Blenheim Rd and opposite The Warehouse and other commercial developments.
The Motor Lodge comprises of 13 Studio units and 4 one bedroom units. A separate complex comprises the owners 3 bedroom apartment and additional 2 bedroom apartment, conference area, breakfast restaurant and reception / office.
The complex has undergone recent and ongoing renovations to help facilitate a sale.
We see this as a well established and popular accommodation business for the local domestic market and international tourists. There is room to improve the financial performance or consider the numerous future options this impressive Land Holding offers.
Enquire now and lets talk about what this exceptional property has to offer.
Asking Price $3,200,000 Freehold going concern.

 

Please contact :

David Armstrong

Specialist Motel / Tourism Broker

Mainland Real Estate MREINZ

Licensed under the Real Estate Agents Act 2008

www.mainlandrealestate.com

www.mainlandrealestate.co.nz

Tel: 027 290 6055 or 0800 156 780 anytime

Fax: (03) 351 5043