Hokitika, South Island
Tidy and Very Profitable 12 Unit Complex
Business Lease $550,000
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.
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 Business Lease of this Motel for sale in Hokitika via our website or by phoning KELVYN COFFEY on ---------- , DDI ---------- or ---------- .
Business Summary
Key Investment Insights
1. The complex has a large land area of 1,834 sqm, providing ample space for all ground floor units.
2. The complex was fully refurbished in 2006 and 2007, with four new studio units added at that time.
3. The operator's accommodation includes a spacious living area and three bedrooms.
4. The business has received positive reviews and awards from guests and online platforms such as TripAdvisor, Wotif, and Hotels.com.
5. The business is secured by a long-term registered lease with a fair market rental.
6. The information in the listing may have been sourced from reliable sources, but its accuracy cannot be verified.
7. Some details of the listing are confidential and can only be disclosed after signing a confidentiality agreement.
8. The Information Memorandum is available on the website for interested parties.
9. Enquiries can be made through the website or by contacting Kelvyn Coffey via phone.
10. The motel is located in Hokitika, a desirable location for tourists and travelers.
