Picton, South Island

Exceptional Picton Motel Opportunity

Business Lease $900,000

Business Description

Positioned in the heart of picturesque Picton, Jasmine Court Motel enjoys a prime location in one of New Zealand's busiest tourism gateways. As the South Island port for both the Interislander and Bluebridge ferries, Picton welcomes a constant flow of holidaymakers, business travellers and international visitors throughout the year. With the stunning Marlborough Sounds on its doorstep, the town continues to attract strong visitor demand.

THE BUSINESS
Has earned an excellent reputation for its quality accommodation, outstanding presentation & consistent guest satisfaction. Significant investment has transformed the property into a modern, well-appointed motel requiring minimal immediate capital expenditure.

Catering to a wide range of guests, offering everything from stylish studio units to spacious two-bedroom suites, accommodating corporate travellers, families or holidaymakers exploring the Marlborough region, the motel appeals to a broad and loyal customer base.

OWNER'S RESIDENCE
Spacious 3-bed, 2-bath home positioned privately behind reception, it provides comfortable living while allowing convenient access to the business whenever required.

LEASE
A secure long-term lease provides confidence for future ownership, with approximately 28 years remaining (as of 31 March 2026).

HIGHLIGHTS
• High-profile central Picton location and strong reputation for quality accommodation
• Modern presentation with substantial upgrades completed
• Diverse accommodation mix appealing to multiple market sectors
• Well-established business with an excellent operational platform
• Attractive lifestyle opportunity in one of New Zealand's most scenic coastal destinations

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. Prime central Picton location benefits from ferry traffic, Marlborough Sounds tourism and year round visitor demand.
2. Modern, well appointed motel has undergone substantial investment, reducing immediate capital expenditure requirements.
3. Accommodation mix includes studios through to two bedroom suites, catering to corporate travellers, families and holidaymakers.
4. Excellent reputation for quality accommodation, presentation and consistent guest satisfaction supports an established market position.
5. Spacious private three bedroom, two bathroom owner’s residence offers comfortable onsite living with convenient business access.
6. Approximately 28 years remaining on the secure long term lease as at 31 March 2026 provides tenure confidence.
7. Well established business offers an attractive operational platform in a scenic coastal tourism destination.