Hokitika, South Island
Tidy and Very Profitable 12 Unit Complex
Business Lease $420,000
Business Description
An excellent mix of units, with the large land area of 1,834 sqm affording the luxury of being all ground floor. The complex was entirely refurbished throughout 2006 and early 2007 when four new studio units were built at that time.
Three-bedroom accommodation for the operator with a reasonably spacious living area.
The business is prospering, as evidenced by guests' accolades, including consecutive awards from TripAdvisor, Wotif and Hotels.com.
Secured by a long-term registered lease with a fair market rental, should provide good upside for the future.
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 on the Business Lease of this Motel for sale in Hokitika via this website or direct to KELVYN COFFEY.
Business Summary
Key Investment Insights
1. 12-unit motel on a large 1,834 sqm parcel, allowing all units to be ground floor which supports easy guest access and simpler maintenance.
2. Described as tidy and very profitable, indicating established positive cashflow.
3. Entire complex refurbished in 2006–2007, including construction of four new studio units, reducing near-term capital expenditure needs.
4. Operator benefits from on-site three-bedroom accommodation with a spacious living area, supporting live-in management.
5. Guest recognition with consecutive awards from TripAdvisor, Wotif and Hotels.com, evidencing strong reputation and repeat business potential.
6. Long-term registered lease in place at a fair market rental, providing income security and potential upside.
7. “Excellent mix of units” suggests product diversity to attract different guest segments.
8. Located in Hokitika, which situates the business within a known tourism region.
9. Some listing information sourced from third parties RPNZ, Property Guru and Land Information New Zealand, and has not been independently verified.
10. Further information requires downloading the Information Memorandum from coffeys.co.nz and signing a confidentiality agreement; enquiries directed to Kelvyn Coffey.
