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

Marketing Agent

Kelvyn Coffey

Coffeys

Key Investment Insights

AI generated. Confirm details with the seller.

1. Freehold Going Concern includes the land, buildings and established motel business.
2. The only motel in the township, ranked number one hotel on TripAdvisor.
3. Central Town Centre Zone location, within walking distance of Lincoln’s amenities.
4. Recently refurbished 2012 post earthquake construction presents the property in excellent condition.
5. 21 unit accommodation mix includes 10 studios, six one bedroom and five two bedroom units.
6. Three bedroom manager’s residence provides comfortable onsite accommodation.
7. Steady year round occupancy and strong financial performance are reported.
8. Established business has identified potential for further growth.
9. Premium units provide the amenities expected of a high quality accommodation business.