Picton, South Island
Exceptional Motel – The Hard Work Is Done
Business Lease $1,150,000
Business Description
LOCATION
Nestled in the heart of the stunning Marlborough Sounds, Picton is a vibrant and picturesque port town. It's a key gateway for travellers moving between the North and South Islands, making it a high-demand destination for both domestic and international visitors.
THE PROPERTY
Jasmine Court Motel has been beautifully upgraded by its current operators, resulting in the high standard it enjoys today. The motel offers a versatile mix of accommodation, from well-appointed studios to spacious two-bedroom units - ideal for accommodating a wide range of guest needs, whether short-term or extended stays.
OWNER'S RESIDENCE
The owner's accommodation is a comfortable three-bedroom, two-bathroom home. Designed over two levels, it includes one bedroom on the ground floor and two upstairs, offering both privacy and practicality. Conveniently located behind the reception area, it allows easy access to welcome guests while maintaining a sense of separation from the business operations.
LEASE
A secure long-term lease is in place, with 29 years remaining as of 31 March 2025, providing peace of mind and business stability.
FURTHER HIGHLIGHTS
Picton plays a crucial role as a transport and commercial hub, being the South Island terminal for the Interislander and Bluebridge ferry services. With frequent sailings across the Cook Strait to Wellington, the town enjoys a steady stream of visitors year-round.
Some aspects of this opportunity are confidential. Full details are available upon signing a confidentiality agreement, with an Information Memorandum accessible via 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
1. Prime location in Picton, a picturesque port town in the Marlborough Sounds, serving as a high-demand gateway between New Zealand’s North and South Islands.
2. Direct commercial appeal from proximity to the South Island terminals for Interislander and Bluebridge ferries, generating a steady year-round visitor stream.
3. Property has been recently and comprehensively upgraded by current operators, delivering a high standard of presentation and reduced immediate capital expenditure.
4. Versatile accommodation mix, from studios to spacious two-bedroom units, suitable for both short-term tourists and extended-stay guests, supporting diversified revenue streams.
5. Owner’s residence included, three bedrooms and two bathrooms over two levels, located behind reception for convenient on-site management while retaining privacy.
6. Long-term lease in place, 29 years remaining as of 31 March 2025, providing operational security and business stability.
7. Business being offered as a lease sale, indicating acquisition of trading rights and leasehold interest rather than freehold title.
8. Marketing and transaction materials are confidential; full details available under a confidentiality agreement and via an Information Memorandum, signalling a structured sale process.
9. Strong transport hub status of Picton suggests consistent demand driven by ferry passengers and associated tourism trade.
10. Well-positioned for owner-operator model given on-site residence and reception adjacency, enabling efficient day-to-day oversight and guest service.
