Nelson - Well Established Motel Business - new lease in place

This 14 unit motel is well established in the region and has recently been extensively upgraded and improved. A long term lease has now been secured by new business owners who are building on the excellent business previously operated by the vendors. Accordingly this motel property offers investors an excellent long term investment opportunity in the tourism accommodation sector. Following the upgrade the buildings are in excellent condition and the corner location of the property will always have appeal.

Asking Price - $1.49 million plus GST if any. Land & buildings Investment  

Westport - Tourism Focus

Ref INV501

This business offers a quality option...attractive complex...strong performer…. with genuine upside potential. The motel occupies a generous 3,036 m2 site with good street profile and a quiet location ideal family, group, tourist, couples or business clientele.

There are 12 ground floor self contained units with a versatile mix of 1, 2 and 3 bedroom options. Chattels, fixtures and fittings of a good standard throughout. The guests enjoy a private and secure setting including play and outdoor living areas.

There is a large and comfortable owners’ residence and the leasehold is secured with a long lease and favourable rent. There are few genuine profitable opportunities at this price.

Asking Price - land plan & consents - $795,000 plus GST if any

(Also available as a Freehold Going Concern or Leasehold Business.  Please refer to appropriate sections of this website)

Nelson City - CBD is next door. Consent in place for luxury apartments.

This motel site is perfectly positioned on Ajax Avenue, two minutes walk from the CBD facing north and overlooking the Matai River. The motel complex is a 1970's style, however rising land values have probably overrun the motels ability to offer a satisfactory return on capital. The vendors purchased the motel about 3 years ago with a view to developing a 24 apartment complex. They have secured resource consents to proceed, however owing to changed circumstanced within the investor group, the development has not proceeded. The site comprises 2637m2 and a registered valuation dated mid 2005 places a market value of $3.325m on the property including development consents. Again sites of this size and quality so close to the CBD and with such an outstanding aspect are rare. In the near vicinity successful quality apartment developments have been completed in recent years, e.g. Cedar Grove Motor Lodge and DeLorenzo's Studio apartments. This area of the city has established itself as an excellent location for top end tourism accommodation. The vendors are again genuine and motivated to sell around valuation.

Geraldine - South Canterbury - SOLD

Geraldine is a pleasant prosperous rural town on scenic tourist route surrounded with a lot of natural attractions. The motel complex is a short two minute walk to the town centre, and offers 13 comfortable spacious self contained units with wonderful private grounds by the river. Seven units are near new and the overall mix includes studio, one and two bedroom options, ideal for families, groups, tourists or business. The peaceful garden setting includes barbeque, spa pool and sauna, and there is an excellent, modern owners’ residence and reception.

Here is an opportunity to secure a truly outstanding freehold property in an idyllic location. Opportunities abound to add value. The vendors are motivated and realistic.

SOLD

(Also available as a FHGC or Leasehold Business.  Please refer to appropriate section of this website)  

Timaru - South Canterbury - SOLD

Occupying a high profile site on State Highway 1, guests enjoy a north facing elevated sunny slope adjoining Ashbury Park just three minutes walk to restaurants, shops and the park.

There are fourteen modern, refurbished 4 star Qualmark graded units comprising an excellent mix of 6 studios, 6 x one bedroom and 2 x two bedroom units. All units are spacious and well maintained; all units have spa baths and seven units and the three bedroom residence have been recently upgraded. The business is a member of popular Golden Chain referral group and consequently has Qualmark quality rating. With strong patronage from corporate, tourist and sports groups the motel complex has consistently achieved an impressive turnover and profit.

Asking Price - SOLD

(Also available as a FHGC or Leasehold Business.  Please refer to appropriate section of this website)  

 Greymouth - West Coast South Island

Here is an opportunity to tap into the tourism growth that continues on the West Coast. The property is strategically located on State Highway 6 and is substantial comprising over 8,500m2 adjacent to the beach. Operating as a motel and holiday park the business offers twelve fully self contained and refurbished motel units. These are complemented by modern camp facilities including six near new cabins, 22 powered and 20 unpowered sites. The business is secured with a long lease and established lessees. Showing excellent return on investment this investment opportunity will appeal to the astute investor.

Asking Price - Land & Building Investment $1.5 million plus GST if any.

 Christchurch - De Lago - Boutique Luxury Motel/Apartment - SOLD

Located at the top end of Papanui Road this property is a true top of the market land & buildings investment option. The complex aimed at the select visitor market and accordingly offers executive luxury accommodation for those seeking something different – and are prepared to pay a premium for that level of service. The complex offers deluxe spa studios & one bedroom suites with superior fixtures and fittings throughout. There is a two bedroom owners’ apartment and a long lease is in place. This property offers a sound investment with a great future.

Asking Price - SOLD

 Christchurch - Roma on Roccarton Rd - SOLD

Built to exacting standards by one of the best accommodation developers in the region, this modern motel property offers 12 high quality units with a configuration that meets every expectation. The site occupies 1127m² on Riccarton Road within easy walking distance of Westfield Mall and Hagley Park. A secure lease in place has 25 years to run and the quality and location of the property underpins a sound accommodation business with good rental and terms. The vendor is motivated to sell and accordingly has established an extremely reasonable asking price that will almost certainly attract immediate response.

  Asking Price - $ 1.785 million plus GST if any – Land & Buildings Investment

 Christchurch - Quality Italian Style 7% Yield ! - SOLD

Here is a quality motel property that established a new benchmark when built less than a decade ago. Occupying prime position at the CBD end of Riccarton Road, the site occupies 1200m² with excellent street frontage and appeal and the motel business has delivered excellent performance for the operators. Consequently the rental provides a secure income stream for the astute investor seeking a very sound investment. The lease has approximately 30 years to run and currently offers a yield that compares very favourably.

The vendors seek genuine offers and want to sell.

  Asking Price - $ 1.857 million plus GST if any – Land & Buildings Investment

 Cromwell, Central Otago - Motivated Vendor - SOLD

This complex is centrally located and opened in 2006. It is right opposite Cromwell Mall and therefore offers an excellent investment close to the best position in town. The motel offers sixteen high quality studio and one bedroom units including double spa bath suites with fixtures, fittings and chattels setting a new standard. The motel offers guests the comfort in all seasons of air conditioning and is rated by Qualmark as 4 star plus.

The business has traded strongly since opening with long lease in place so the potential prospects for future growth and investment returns are excellent for the astute investor! 

 Alexandra, Central Otago - SOLD

This motel complex, set on a spacious 2,626m2 site, has been redeveloped to an ‘as new’ standard. Just one hour from Wanaka or Queenstown, Alexandra occupies a great position as a service and distribution centre and this property has three street frontages with the main entrance facing Centennial Avenue.

In the complex there are 13 units – five brand new and eight completely refurbished bringing the motel operation onto a healthy financial position. There is an excellent mix of studio, one and two bedroom units that are all units fully self-contained, furnished and chatteled to a high standard. There is a separate, spacious, three bedroom owners’ residence.

The business is now trading strongly with excellent occupancy and for the lessor a long favourable lease is in place showing solid returns on investment. As a bonus there is extra land for further unit development.

Asking Price - SOLD

 Christchurch - Tower Junction Motor Lodge

This four star plus luxury motor lodge is situated on the prime Blenheim Road location, close to Tower Junction retail centre and the vibrant commercial activity now evident in this area. Furthermore the business will capitalise on its location close to the Events Centre and the Raceway and will maintain premium location owing to its proximity to the CBD. There are sixteen superior refurbished and new units offering a great mix of studio, one and two bedroom options. A new long lease has been established and as trading accelerates, the prospects look excellent. This location won’t be surpassed. 

Asking Price - Land & Building Investment $1.9 million plus GST if any.

 Christchurch - Location Location Location!

Situated within easy walking distance of the CBD the success of the motel business is assured. The complex has a well established business and has been well maintained since construction less than five years ago. The unit configuration is good and the owners accommodation is attractive for any lessee. The lease has 26 years to run and the rental is next up for review within a year.  Accordingly this investment appears to be very sound and offers a rare opportunity to secure an inner city motel investment.

Asking Price - Land & Building Investment $2.2 million plus GST if any.

 Christchurch - Brand Spanking New - Riccarton Rd Location

Ref INV502

This 14 unit complex offers the opportunity to invest in the burgeoning tourism industry. The accommodation offers an excellent configuration to meet every client expectation and this complex is the newest available on Christchurch's motel mile. A new long lease offers good long term rental returns and the complex has been built and fitted out to meet the best standards. This motel will appeal to investors seeking long term options.  

Asking Price - Land & Building Investment $2.34 million plus GST if any.

(This motel is also available as a Freehold Going Concern (click here)  and as a Leasehold business (click here).

 Alexandra - Central Otago - Substantial Motor Inn

Located on the main street of this attractive town, the complex is central to the CBD, shops and many attractions.  The motor inn is an ideal complex with facilities for a wide variety of guests on a large spacious site. There are 33 units - 18 studios, 12 x 2 bedroom villas, 1 x one bedroom and two spa suites. With two modern conference rooms, an a-la-carte restaurant and bar facilities the motor inn is perfectly positioned to capture the lucrative meetings market.

Accommodation facilities have been well maintained throughout including a good standard of chattels, fixtures and fittings and the business has consistently shown strong turnover and profit. There is excellent accommodation on site for the owners / managers.

Asking Price - Land & Building Investment $2.7 million plus GST if any.

Kaikoura - a rare opportunity with options!

We are pleased to be able to offer on behalf of our vendors a major land holding in this booming tourism region. Substantial, prime development corner properties of this type are rarely available including over 4,000m2 site prominently located on the Esplanade. The site is north facing with a spectacular water front street boundary.

Kaikoura is a rapidly growing prosperous tourist destination, centrally located between Picton and Christchurch, on the East Coast of the South Island.  The township, despite numerous recreation options, is most famously known as the "whale watching Capital of NZ".

Asking Price Land Only - $3.5 million plus GST if any

Dunedin -Substantial Modern Complex

Located on a busy main street close to University, this 5 year old 4 Star Plus Motor Lodge offers 25 spacious self-contained luxury units and accordingly is a strong performer. The accommodation is a good mix of studio, 1 and 2 bedroom apartments complemented by breakfast/conference and internet rooms all for the convenience of guests. A three bedroom owners’ residence includes en-suite and a private courtyard.

The option exists to purchase each block in separate entities, or to extend the business potential with the build of a further six units on site. As it is the business provides excellent returns and solid rental income.

Asking Price Land Only - $4 million plus GST if any

(Also available as a Leasehold Business or FHGC.  Please refer appropriate sections of this website.)

Christchurch - Big Property, Great Location, Excellent Yield

With 34 superior units situated close to the CBD on Papanui Road, this quality property has developed a very good business for the operators. The property has approximately 4000m² of prime land in an area which is amongst the most desirable locations for tourism accommodation. Accordingly this land and buildings investment offers the astute investor one of the city’s premier accommodation sites with very good yields underpinned by all the fundamentals.

Asking Price Land Only - $4.53 million plus GST if any

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