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A314-316 High Street, Motueka
$775,000 listed in Mar 2016
House: 6 Bed rooms 6 Bath rooms
Land size: 2,048 sqm [Measure]
Agent: Property Sales (Nelson) and Real Estate Ltd

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Property Description:
A great income and easy going lifestyle is on offer with this up-market accommodation business in the heart of Motueka.
Avalon Manor Motel caters for the top end of the market, with sixteen 4.5 start units in a variety of configurations. The Goldilocks effect perfected - not too big for a couple to manage - not too small as to be uneconomic - just right.
Trading figures are impressive, consistent and very profitable. This is a well-established business which is popular with both in-bound tourists and corporate guests alike.
The complex was built approximately 15 years ago with four new premium units constructed in 2005. The complex benefits from energy efficiencies and the buildings have been very well constructed, offering a level of space which is hard to find in many modern motels.
The fully featured owners accommodation is very spacious and sunny and includes internal access garaging.
The 2,048m² high profile site provides attractive established landscaped garden areas for guests to enjoy.
This is a rare opportunity to purchase a very profitable motel lease which can be operated easily by a couple, with the security of a long registered lease.
Price includes business, chattels and benefits of the long lease.

Agency reference #: MT3378
Recent sales:
AddressDatePrice
458a High StreetMar 2016$359,000
19 Eginton StreetMar 2016$347,000
74 Whakarewa StreetMar 2016$410,000
14 Totara Park AvenueMar 2016$449,000
14 Kitakita GroveMar 2016$599,000
>>More records

The property data is from the public websites.

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