Attractive return on investment

Marlborough

$785,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1bssbdb



Admirals Motor Lodge, Blenheim, is located in the heart of NZ's world renowned wine growing Marlborough region. This double storied 20 room complex is set in expansive grounds with mature trees and plenty of guest outdoor areas, including a beautifully landscaped creek area. Both the guest and owner's accommodation are very spacious.

Configuration1 * 3 bedroom5 * 2 bedroom3 * 1 bedroom11* Studios

The Complex
As well as the 20 guest units, the complex has conference (cater up to 50 people) and boardroom (cater up to 15 people) facilities. There is ample parking for up to 25 vehicles and guest facilities comprise outdoor seating areas with BBQ, swimming pool and spa.

Owner's Accommodation
This multi level residence is so spacious, with 3 double bedrooms, 2 bathrooms, large living and kitchen areas with a private courtyard. Reception is connected to the residence and it also has a connecting private office. Double garaging.

Business Opportunity
Over the last 7 years the owners have tirelessly worked to build the business and net profit has been rising consistently. With the projected growth in visitor numbers, the tourism business is looking very attractive and this is a chance for new motivated owners to keep the momentum going.

Location
The property is located 3 minutes from Blenheim airport and 25 minutes from the Picton ferry that connects the North and South Island with an estimated 1 million passengers p.a. It is conveniently located to a number of restaurants, cafes and bars as well as a supermarket and shopping mall.

Reference: EL00596
Ref: EL00596
Timestamp: 20170528054508

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