Hokitika, South Island
Rare Opportunity Not To Be Missed - FHGC 18 Units
Land, Buildings and Business Offers Over $3m
Business Description
This appealing complex, with its high visibility location in a known West Coast tourist hot spot, will be of real interest to an astute buyer. This is a great opportunity to purchase a freehold going concern in this condition at this price.
The post Covid recovery for the industry generally, has been greater than expected, this property being no exception. Room rates are generally rising as are revenues with some exciting prospects in the pipeline.
18 largely refurbished units comprised of 6 one-bedroom units, 5 two-bedroom units, 4 studios and 3 spa studio units provides the operator with great flexibility with tariff structure and guest allocation.
The prominent main road site of some 3,630sqm affords the luxury of all units being ground floor.
Nice outdoor areas and plenty of parking.
Capping it all off is a separate three bedroom owner's residence with a private courtyard.
Hokitika is a feature location on the well established West Coast tourism route and the property is well located close to the town centre, with all predictions that the West Coast will boom once again.
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.
Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.
We would welcome your enquiry on the Land, Buildings and Business of this Motel for sale in Hokitika via our website or by phoning JOHN CONNELLY on ---------- , DDI ---------- or ---------- .
Business Summary
Key Investment Insights
1. The property is located in a high visibility location in a popular tourist destination on the West Coast.
2. The post-Covid recovery for the industry has been better than expected, with rising room rates and revenues.
3. The complex consists of 18 units, including one-bedroom, two-bedroom, studio, and spa studio units.
4. The property has a prominent main road site and all units are located on the ground floor.
5. There are nice outdoor areas and plenty of parking available.
6. The property also includes a separate three-bedroom owner's residence with a private courtyard.
7. Hokitika is a feature location on the well-established West Coast tourism route.
8. The property is well located close to the town centre.
9. The West Coast is predicted to experience a tourism boom in the future.
10. Some information about the property may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and has not been verified for accuracy.
11. Some details of the listing are confidential and can only be disclosed upon completion of a confidentiality agreement.
12. An Information Memorandum is available on the website for interested buyers.
13. The listing agent can be contacted for further information or to arrange a viewing.
