0800 263 339

Highly Rated Hard to Find FHGC

Picton
Reference: 2495
Motel / Motor Lodge
Land, Buildings and Business $3,000,000

This very well presented property is currently running with 11 units, and having recently built new owners' accommodation, this has left the previous two bedroom owners' accommodation being used as a storeroom. There is a big opportunity to refurbish that two bedroom unit and add it to the letting pool. This would have a very positive impact on the revenue.

A strong client base with significant repeat customers ensures that the high occupancy levels are maintained.

Picton, as well as being the link port between the North and South Islands, also has very wide range of visitor and tourist activities available to be enjoyed. On water activities in the beautiful Marlborough Sounds as well as many land based activities make it a popular holiday destination. Only 20 minutes away puts you into the heart of the famous wine producing properties.

The motel is close to all the local shopping, restaurant and cafe scene activities so very convenient for guests.

The current owners are looking towards retirement and are offering an opportunity for new owners to reap the benefits of all their hard work.

If the freehold going concern is financially out of reach, the vendors may consider selling a new 35-year lease for $650,000 to the right purchaser.

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 Land, Buildings and Business at $3,000,000 of this Motel for sale in Picton 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.

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