Picton, South Island

Prime Picton Tourism Investment - FHGC

Land, Buildings and Business $5,050,000

Business Description

Gateway Motel presents an outstanding opportunity to acquire one of Picton's established tourism properties. This Freehold Going Concern combines a successful 26-unit motel with valuable freehold land and buildings, together with additional commercial rental income, creating a diversified investment in one of New Zealand's busiest tourism destinations.

ESTABLISHED ACCOMMODATION BUSINESS
The motel offers 26 units; 21 studio units (including four family studios), two one-bedroom units and three two-bedroom units, providing an excellent accommodation mix for couples, families, corporate guests and small groups.

COMMERCIAL INCOME
Complementing the motel operation is a commercial tenancy of a Cafe that provides an additional rental income stream, further strengthening the overall investment.

OWNER'S ACCOMMODATION
A comfortable three-bedroom, two-bathroom owner's residence offers excellent privacy while remaining conveniently connected to the office and reception.

PRIME LOCATION
Situated on High Street in central Picton, guests can easily walk to cafes, restaurants, supermarkets, boutique shopping, the waterfront, marina and both the Interislander and Bluebridge ferry terminals. Gateway Motel has earned an enviable reputation and enjoys a proven trading history in one of New Zealand's busiest tourism and transport gateways.

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. Any boundary lines shown on an image are indicative only.

Ready to take the next step?

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 via this website or direct to JAN GRANT.

Business Summary

Marketing Agent

Jan Grant

Coffeys

Key Investment Insights

AI generated. Confirm details with the seller.

1. Freehold Going Concern combines a 26 unit motel, freehold land and buildings, commercial rental income, and an operating accommodation business.
2. The 26 units comprise studios, family studios, one bedroom units and two bedroom units, serving varied guest requirements.
3. A commercial café tenancy provides an additional rental income stream alongside motel operations.
4. Central High Street location offers walkable access to cafés, restaurants, supermarkets, boutique shopping, the waterfront and marina.
5. Guests can easily access both the Interislander and Bluebridge ferry terminals from the property.
6. A three bedroom, two bathroom owner’s residence provides private accommodation connected conveniently to the office and reception.
7. The property has an established reputation and proven trading history in Picton’s tourism and transport gateway.
8. Freehold ownership provides control of the land and buildings supporting the motel and associated commercial tenancy.