Geraldine, South Island
Geraldine Desirable Work Life Balance Life's Good
Land, Buildings and Business $1,579,000 Neg. Over
Business Description
Are you looking for a very desirable motel that combines easy operation and a lifestyle to match in a modern complex in one of the most delightful locations in the South Island, then you must further investigate this opportunity now!
Brilliant forward bookings & great reviews, the motel provides a very comfortable level of accommodation. It is a popular choice for corporates, solo travellers and couples and many guests are repeat clients.
The owner's accommodation is a real bonus, providing a spacious modern residence, offering 3-bedrooms, one of which is self-contained and may be used for B&B guests or a 7th overflow unit for the complex. A generous area of land remains towards the rear of the property allowing the owners privacy or great family space away from the business.
Sited on 2,397sqm of land, there may be further opportunities to consider for enhancements or future development expansion with the appropriate consents. (Please note we have not enquired with the local authorities as to the feasibility of obtaining such consents.)
Geraldine is a popular stopping off point for domestic and international tourists being only 90 minutes away from Christchurch Airport. The township is well known for its great shopping, cafes, eateries and locally produced items of food and crafts.
With over 30 years' experience in the industry our vendors are ready to retire. This is the only motel for sale in Geraldine, negotiable over $1,579,000.
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 JOHN CONNELLY.
Business Summary
Key Investment Insights
1. Located in Geraldine, a popular South Island tourist stopping point, approximately 90 minutes from Christchurch Airport, enhancing visitor accessibility and catchment.
2. Modern motel complex described as very desirable, offering an appealing lifestyle and easy operation for owners.
3. Strong trading indicators with brilliant forward bookings and great reviews, signalling healthy demand and reputation.
4. Target market diversity, popular with corporates, solo travellers and couples, with many repeat guests.
5. Owner's accommodation is spacious and modern, three bedrooms with one self-contained, offering private living, B&B income potential or a 7th overflow unit.
6. Property sits on 2,397sqm of land, providing privacy and generous outdoor space for owners and potential for future enhancement or development.
7. Potential expansion opportunities exist subject to obtaining appropriate consents; feasibility with local authorities has not been investigated.
8. Vendors have over 30 years' industry experience and are ready to retire, supporting a smooth handover opportunity.
9. This is the only motel currently for sale in Geraldine, reducing local immediate competition for buyers.
10. Asking price is negotiable over $1,579,000, indicating room for negotiation.
11. Some listing information was sourced from third parties (RPNZ, Property Guru, LINZ) and has not been independently verified, and certain details are confidential pending a signed confidentiality agreement.
