Lincoln, South Island
UNDER OFFER - Rare and Lucrative 21 Unit FHGC
Land, Buildings and Business Price by Negotiation
Business Description
The term "rare opportunity" is probably overused these days; however this is one situation where arguably it is truly justified.
Offered to the market for the first time since built, is the Lincoln Motel being the only motel in the township and unsurprisingly ranked #1 hotel on TripAdvisor.
This premium 21-unit property is located in the heart of the village (zoned Town Centre Zone), a short walk to many of the excellent amenities Lincoln has to offer. A recent refurbishment completes the picture of this 2012 post-earthquake build, presenting the complex in excellent condition and reducing likely maintenance costs for the new operator in the foreseeable future. A comfortable three-bedroom managers' residence completes the package.
Accommodation provided is an excellent mix of units. 10 studios, 6 one-bedroom & 5 two-bedroom units. The beautifully presented units have all the amenities one would expect in a premium accommodation business.
This is a tremendous business with steady occupancy year-round, great financial performance, yet still potential to grow.
The Freehold Going Concern (land, buildings and business) is being marketed as price by negotiation.
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 Land, Buildings and Business of this Motel for sale in Lincoln via this website or direct to KELVYN COFFEY.
Business Summary
Key Investment Insights
1. UNDER OFFER status indicates strong buyer interest and market demand for the asset.
2. Freehold Going Concern sale includes land, buildings and business, offering full ownership transfer.
3. 21-unit inventory provides scale for boutique operations, with a balanced unit mix of 10 studios, 6 one-bedroom and 5 two-bedroom units.
4. Only motel in the township, giving effective local market exclusivity and limited direct competition.
5. Ranked #1 hotel on TripAdvisor, signalling strong online reputation and customer satisfaction.
6. Built in 2012 as a post-earthquake build, implying modern construction standards and resilience.
7. Recent refurbishment presents the complex in excellent condition, likely lowering near-term capital expenditure and maintenance costs.
8. Zoned Town Centre Zone and located in the heart of the village, a short walk to amenities, enhancing walk-in and convenience appeal.
9. Includes a comfortable three-bedroom managers' residence, supporting on-site management and operational flexibility.
10. Steady year-round occupancy and reported great financial performance, indicating stable cashflow with upside potential.
11. Sale is priced by negotiation, creating flexibility for purchaser structuring but requiring direct enquiry for pricing details.
12. Further detail is available in an Information Memorandum, with some confidential particulars released only after a signed confidentiality agreement.
