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 positioned in the heart of Picton, a major tourism and ferry gateway destination.
2. Walkable location near cafes, restaurants, supermarkets, boutique shopping, the waterfront and two ferry terminals.
3. Broad guest mix includes holidaymakers, business travellers, families, tour groups and ferry passengers.
4. Accommodation comprises 21 studios, including four Family Studios, two one bedroom units and three two bedroom units.
5. Spacious three bedroom, two bathroom owner’s residence includes adjoining office and reception facilities.
6. New 35 year lease provides the successful purchaser with long term security of tenure.
7. Gateway to the Marlborough Sounds, wineries, Queen Charlotte Track and wider upper South Island attractions.
8. Picton offers boating, fishing, walking and cycling trails, wildlife experiences and access to Kaikoura, Havelock and Blenheim.