Picton, South Island

Hard Works Done, Enjoy the Rewards!!

Business Lease $1,250,000

Business Description

Picton is in the heart of the Marlborough Sounds and this picturesque port town is so popular with guests travelling between the North and South Islands.

THE PROPERTY
The current operators of Jasmine Court have done a wonderful job bringing this motel up to the great standard we see today. It is no wonder that this motel has enjoyed excellent patronage and repeat clientele.

The property is of a very high standard and contains a good mix of units from studio through to two bedrooms, giving many options for the operator to handle most accommodation requirements.

OWNERS ACCOMMODATION
The three-bedroom home with 2 bathrooms. It has one bedroom downstairs and two bedrooms upstairs. The home is behind the reception area which gives you easy access to welcome your guests.

LEASE
Great lease years remaining, 30 years as at 31 March 2024.

GENERAL COMMENTS or FEATURES
Picton is an essential transportation and commerce hub in the country. It's the southern terminus of the ferry that connects the North and South Islands through the Cook Strait. The two ferry companies, Interislander and Bluebridge, offer regular ferry services that run between Picton and Wellington. So staying at Jasmine Court Motel is a great option when you come into Picton.

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 Jasmine Court Motel for sale in Picton via our website or by phoning JAN GRANT on ---------- , DDI ---------- , ---------- .

Business Summary

Key Investment Insights

Key Insights:
1. Prime location in the heart of the Marlborough Sounds, a popular tourist destination.
2. Well-maintained and high standard property with a good mix of units to cater to different accommodation needs.
3. Excellent patronage and repeat clientele.
4. Three-bedroom owner's accommodation with easy access to reception.
5. Long lease with 30 years remaining.
6. Picton is an essential transportation and commerce hub, making Jasmine Court Motel a convenient option for travelers.
7. Confidential details available upon completion of a confidentiality agreement.
8. Enquiries can be made through the website or by phone.
Listing location

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