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
Key Investment Insights
1. Price reduced listing, indicating potential value opportunity for buyers.
2. Owner-occupier lifestyle asset, enabling live-on-site operation with no commute and no landlord or lease obligations.
3. Proven trading business with underlying land ownership, suitable for a hands-on investor.
4. 11 well-equipped ground-level units, supporting consistent guest capacity and turnover.
5. Heated saltwater swimming pool, enhancing guest appeal and amenity offering.
6. 3-bedroom residence with connected reception, facilitating on-site management and immediate accommodation for the owner.
7. Free off-street parking and adjacent space for trucks, catering to commercial drivers and large-vehicle guests.
8. Additional storage shed and container storage/workshop at the rear, providing operational flexibility and maintenance space.
9. Prime central Carterton location, three-minute walk to the Events Centre, retail amenities, cafes and restaurants, supporting walk-in and event-driven demand.
10. Diverse regular booking sources including Massey University, sports teams, truck drivers, road workers, free independent travellers, families and Wellington short-stay guests, indicating varied revenue streams.
11. Proximity to regional attractions such as Stonehenge Aotearoa, Mount Holdsworth and New Zealand’s second dark sky reserve, supporting tourism demand.
12. Some listing information sourced externally and not independently verified, with an Information Memorandum and confidential details available subject to a confidentiality agreement.
