Picton, South Island

26 Unit Picton Motel in Prime Location

Business Lease $995,000

Business Description

Gateway Motel presents an outstanding opportunity to acquire a well-established motel business in one of New Zealand's busiest tourism and ferry gateway destinations. Ideally positioned in the heart of Picton, guests can walk to cafes, restaurants, supermarkets, boutique shopping, the waterfront and both the Interislander and Bluebridge ferry terminals.

The motel attracts a broad range of guests, including holidaymakers, business travellers, families, tour groups and ferry passengers, providing multiple income streams throughout the year. Gateway Motel also offers the perfect base from which visitors can explore the spectacular Marlborough Sounds, renowned wineries, the Queen Charlotte Track and many of the upper South Island's most popular attractions.

ACCOMMODATION MIX
26 accommodation units in total
3 two-bedroom units
2 one-bedroom units
21 studio units (including 4 Family Studios)

OWNERS ACCOMMODATION
Spacious three-bedroom, two-bathroom owner's residence offering excellent privacy, with adjoining office and reception.

LEASE
A new 35-year lease will be established for the successful purchaser, providing long-term security of tenure.

LOCAL AREA
Picton is the gateway to the Marlborough Sounds, offering boating, fishing, walking and cycling trails, award-winning wineries, wildlife experiences, and easy access to Kaikoura, Havelock, Blenheim and the wider Marlborough region.

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. Established 26 unit motel in central Picton, serving holidaymakers, business travellers, families, tour groups and ferry passengers.
2. Walkable location near cafes, restaurants, supermarkets, boutique shopping, the waterfront and Interislander and Bluebridge ferry terminals.
3. Accommodation comprises three two bedroom units, two one bedroom units and 21 studios, including four Family Studios.
4. Spacious three bedroom, two bathroom owner’s residence provides privacy and includes adjoining office and reception.
5. A new 35 year lease offers the successful purchaser long term security of tenure.
6. Picton provides access to the Marlborough Sounds, wineries, Queen Charlotte Track and wider upper South Island attractions.
7. Guest demand is diversified across tourism, business, family, group and ferry passenger segments.
8. The property offers a base for exploring boating, fishing, walking, cycling, wildlife experiences and regional destinations.