12 Bantry St, Alexandra, South Island

AL Park View, Freehold Going Concern Motel For Sale In Central Otago

NZD $1,850,000 +GST (if any)

Business Description

Al Park View Motel is on the Market in Central Otago!

This great freehold 10 unit motel complex and 3 bedroom home is situated on a prime corner site, overlooking the Pioneer Park in central Alexandra, Central Otago. This motel is conveniently located at the start of the Central Otago Rail Trail and the new Roxburgh Gorge following through to the Clutha Gold.

FEATURES:

• Land, buildings and business in a prime location in Alexandra, near the cycle trails
• Walking distance to town, activities and trails
• 10 modern motel units with great off-street parking options
• Lovely three-bedroom home
• Plus potential to develop further

The generous 2,024m² land titles (approx.) currently have the owner’s 3 bedroom home, motel office and 10 units, however there is a real opportunity to demolish the 3 motel units within the existing house, situated at 40 Shannon Street, and build additional motel units (potentially 5 new studio units, subject to planning permission from the local Council) to enlarge the number of motel units within the complex.

The complex currently has 3 studios (1 is a wheelchair-accessible unit), 5 x 1 bedroom units and 2 x 2 bedroom units. All rooms are on ground level and are very modern and have been constantly upgraded to ensure the motel is meeting customer expectations (see the reviews!).

There is generous back of house facilities, including the onsite laundry (only sheets and pillow cases go to the offsite laundry) and guest laundry, plus double-car garaging and plenty of other storage areas.

This large property has great off street car parking and BBQ facilities for guests.

This motel has been operated as a lifestyle business and a new owner could immediately employ OTA services and increase the tariffs to put this motel complex on a commercial basis.

Alexandra is the gateway to Central Otago and only a short distance from everything this region has to offer. It is well known for it’s hot temperatures, sensational summer fruits, gold mining history, premium wines and vineyards and the cycle/walking trails. If you’re ready to make a move to Central Otago, this is a fantastic opportunity with potential to develop further – call today.

For full information please contact specialist Accommodation Business Broker, Adrian Chisholm, AREINZ, by using the contact form on this page thank you.

Property Ref: 40720

Business Summary

Marketing Agent
Adrian Chisholm
Adrian Chisholm

Kevin Yan
Kevin Yan

Key Investment Insights

1. Prime location in Alexandra, Central Otago, near popular cycle trails and activities.
2. Opportunity for further development with potential to add 5 new studio units.
3. Generous land size of 2,024m² with a 3 bedroom home, motel office, and 10 modern units.
4. All rooms are on ground level and have been constantly upgraded to meet customer expectations.
5. Back of house facilities include onsite laundry, guest laundry, and double-car garaging.
6. Great off-street parking and BBQ facilities for guests.
7. Potential to increase tariffs and operate on a commercial basis.
8. Alexandra is the gateway to Central Otago and offers a variety of attractions and activities.
9. Lifestyle business opportunity with potential for growth and development.
10. Contact specialist Accommodation Business Broker, Adrian Chisholm, for more information.
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