103 Saxton Road, Stoke, South Island

Extensive Nelson FHGC investment opportunity

SOLD

Business Description

On offer is the unique opportunity to purchase the sizable business, land and buildings located at 103 Saxton Road, Stoke, Nelson. This freehold going concern represents the chance to acquire a substantial asset in the Nelson/Tasman Region that has been established over a number of years - a rare occurrence in the market here.

With dual frontages to Saxton Road and the arterial route of Main Road Stoke the building on this site has a commanding position. With hundreds of cars passing a day Saxton Lodge is a recognisable brand with its signage facing the roundabout.

Having Saxton Stadium and sports fields across the road the business dominates the niche of providing accommodation to sports teams, athletes, their support teams, families, and fans that travel from across the country to make use of these high-class facilities.

The building itself was built in 2006 and is an approximate 2,415sqm L-shape motel. Solid in its construction it is comprised of reinforced concrete foundations, concrete ground floor, interspan concrete system first floor, and has reinforced 140mm precast concrete tilt slab walls.

Situated on one 5,834sqm (more or less) title the land itself holds a high value being accessible, flat, and with established services and ground infrastructure.

• Freehold going concern - ability to purchase the business, land, and buildings

• 48 generous accommodation units that make up the Lodge.

• Extensive 98 on-site parks for traveling guests and sports teams

• Proximate to the Nelson Airport and located between Nelson & Richmond

For Sale $8,000,000 + GST (if any)

Call Gill Ireland to discuss this enormous opportunity to invest in the Nelson/Tasman Region and its motels.

bayleys.co.nz/4003894

Business Summary