201- 207 Palmerston Street, Westport, Westport, South Island

Westport Motor Hotel FHGC For Sale

NZD $2,690,000

Business Description

Here is a fantastic opportunity on the Coast!

Sold as a bundle and included in the asking price of $2,690,000 + GST (if any)

Freehold Going Concern – Motel and Restaurant, Land Buildings and Business

- Superb main street location
- 27 perfectly appointed motel rooms
- Restaurant & Bar
- Conference facilities
- Plenty of parking
- Managers apartment

Freehold Investment – Liquor Store
- Leased for 2 years
- Paying a healthy rent, portion of rates and insurance
- Separate entrance and parking
- The Hotel complex has 27 well-appointed 4-star guest rooms. Restaurant, 2 bars (house bar and public bar), fully serviced conference facilities. The ideal owner and operator can come into a partnership with the liquor store operator to service the Restaurant as needed.

Please note that we are unable to provide any historical financials from the previous operator as the business was leased previously. Purchasers should work their own feasibility on this investment. Westport is gathering momentum once again with mining companies, corporate businesses and tourists. It is the perfect time to make this a lucrative business opportunity. The property is an A grade building and lending options can be arranged as needed.

For more information or to arrange your private viewing, please contact specialist Accommodation Business Broker, Dilan De Silva.

Business Summary

Marketing Agent
Dilan De Silva
Dilan De Silva

Key Investment Insights

1. Prime location in the main street of Westport, a growing town with potential for business growth.
2. Included in the sale is a freehold going concern for the motel and restaurant, as well as a separate liquor store investment.
3. 27 well-appointed motel rooms, providing a high standard of accommodation for guests.
4. Additional facilities such as a restaurant, bar, and conference facilities add value to the business.
5. Plenty of parking available for guests, making it convenient for travelers.
6. Manager's apartment included, providing on-site accommodation for the owner or manager.
7. The liquor store is currently leased for 2 years, providing a steady income stream for the new owner.
8. The hotel complex is well-maintained and has a 4-star rating, ensuring a high standard of service for guests.
9. Potential for partnership with the liquor store operator to service the restaurant and increase profits.
10. Westport is experiencing growth in various industries, making it an ideal time to invest in this business.
11. The property is an A grade building, ensuring a high-quality and attractive investment.
12. Lending options can be arranged for potential buyers.
13. Due to the previous lease arrangement, historical financials are not available, and buyers should conduct their own feasibility study.
14. The property is being marketed by a specialist accommodation business broker, providing expertise and guidance in the sale process.
Listing location

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