Take the opportunity now to invest in the land & buildings of this high quality centrally located property. Freehold Investments seldom come to market!
Reasons to buy!
- Attractive monthly income
- Advantages compared with owning a commercial building are:
- One tenant to deal with.
- Long term lease.
- Low building costs.
- Continuity of rental through having a positive cash flow business mode, high demand for motel leases and the skills of a lessee are easily transferrable.
- Low maintenance property
- International tourism spend is growing
- Ideal long term investment
- Guest occupancy is on a growth path
- Development potential of at least another 4 units (subject to the usual consents)
- 34 year registered lease
Built in 1998, there is no outstanding maintenance, with the exterior of the building having recently been re-painted. Full building report available.
The Complex
Ashleigh Court Motel is a spacious motel accommodation complex in Blenheim. The complex has 12 modern units, comprising of studio, one and 2 bedroom units. The manager's accommodation is a four bedroom, two bathroom home with open plan living areas leading out onto a private courtyard.
Location
Ashleigh Court Motel is conveniently located in Blenheim's CBD. Blenheim is in the heart of the Marlborough Region, often regarded as NZ's wine capital. Blenheim, located at the top of the South Island of NZ is growing in stature as a conference venue, is increasingly popular with local & international sports teams and the surrounding area is well known as the centre of New Zealand's wine industry, with close to 20 wineries to visit.
The Opportunity
Tourism for NZ is now a major export earner and is experiencing tremendous growth. Visitor arrivals to New Zealand are expected to grow 4.6 per cent a year, reaching 5.1 million visitors in 2024 from 3.7 million in 2017 and total international spend is expected to reach $14.8 billion in 2024, up 40 per cent from 2017. (Source: MBIE May 2018). The purchase of Ashleigh Court Motel is an excellent opportunity to take advantage of this growth and a new owner will be purchasing a freehold investment with a stable and potentially attractive growing income, further enhancing the value of the investment.
To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.
