Carterton, North Island

FHGC Investment Lifestyle Opportunity - Price Drop

Land, Buildings and Business Now $1,990,000 Was $2,200,000

Business Description

The Matador Motel Carterton presents a compelling opportunity to acquire a well-established accommodation asset in the heart of the Wairarapa. The lifestyle benefits are exceptional - live and work on site with no commute and no landlord or lease obligations.

A true owner-occupier or hands-on investment, combining a proven trading business with residential accommodation and underlying land ownership.

11 well-equipped ground level units, with a heated saltwater swimming pool for guests to enjoy. The motel includes free off-street parking and space next door for trucks.

A 3-bedroom residence with a reception area connected is at the front of the property. Storage shed and container storage/workshop is at the rear of the property.

With distinctive Spanish-influenced design, the motel occupies a prime central Carterton location, just a 3-minute walk from the Events Centre, retail amenities, cafes and restaurants.

Regular bookings come from Massey University, sports teams, truck drivers, road workers. Free independent travellers (FIT) and families who come to visit the attractions of the Wairarapa including Stonehenge Aotearoa, Mount Holdsworth and the dark sky reserve. Wellington is a great provider of guests to this motel, many for one night or weekend stays.

Carterton is in the centre of the Wairarapa, a 10-minute drive south of Masterton, situated at the foot of the Tararua Forest Park. Also is known as the daffodil capital of New Zealand. It is within New Zealand's second dark sky reserve.

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.

An Information Memorandum is available to download from our website coffeys.co.nz.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum.

We would welcome your enquiry via this website or direct to DAMON MACKENZIE.

Business Summary

Marketing Agent

Damon Mackenzie

Coffeys

Key Investment Insights

AI generated. Confirm details with the seller.

1. Price reduction noted, signalling potential improved acquisition value or seller motivation.
2. Owner-occupier lifestyle opportunity, live and work on site with no landlord or lease obligations.
3. Freehold asset implied, combining trading business with residential accommodation and underlying land ownership.
4. 11 well-equipped ground-level units, suitable for short-stay and group bookings.
5. Heated saltwater swimming pool, a guest amenity that enhances appeal and competitiveness.
6. Free off-street parking with adjacent space for trucks, supporting trade clients and coach or heavy-vehicle bookings.
7. On-site 3-bedroom residence with integrated reception, enabling immediate owner management and reduced staffing needs.
8. Additional storage shed and container storage/workshop at the rear, providing operational and maintenance utility.
9. Distinctive Spanish-influenced design, centrally located in Carterton, three-minute walk to the Events Centre, retail, cafes and restaurants.
10. Diverse booking sources including Massey University, sports teams, truck drivers, road workers, free independent travellers and Wellington weekend/one-night guests, indicating broad demand channels.
11. Strong leisure and tourism catchment, close to Stonehenge Aotearoa, Mount Holdsworth, Tararua Forest Park and within New Zealand’s second dark sky reserve.
12. Information Memorandum available, with some listing details confidential and certain sourced information unverified, requiring a confidentiality agreement for full disclosure.