Profitable Business & Lifestyle

Marlborough

$1,150,000

Proposed Usage
Other Businesses for Sale
Description:
Property ID
1bzxhxb



The Knightsbridge Motel offers investors a wonderful opportunity to enter the flourishing Marlborough tourist market.

Reasons To Purchase​Strong cash flow/profitability26 year lease tenureExcellent occupancyThe property is maintained to a very high standardMultiple awards winner (TripAdvisor, Booking.com, Hotels.com, Expedia and Trivago) Excellent mix of spacious units

The Complex
Superbly maintained throughout, the motel consists of 18 spacious self contained units, comprising 5 studios, 10*1 bedroom and 3*2 bedroom units with plenty of off-street parking. The owner's residence is a twin level 3 bedroom, 2 bathroom house, with office, security system, open plan lounge, dining & kitchen. Upstairs comprises 3 double bedrooms with built in wardrobes. The master is very spacious with an en-suite. On-site double garage.

Facilities include outdoor bbq area, swimming pool, spa and guest laundry.

Location
The Knightsbridge Motel is in the heart of the Marlborough wine capital - Blenheim. It is convenient to a supermarket, the popular Speights Ale House (restaurant &bar), pharmacy and cafe and is only a 3 minute drive to the golf club and racecourse with a 2 km drive to the central CBD.

Blenheim, often known as NZ's 'sunshine capital', 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. International tourism spend is expected to reach $15 billion in 2023, up 52 per cent from 2016. (MBIE, 12 May 2017). The Knightsbridge Motel is an excellent investment opportunity to take advantage of this growth and not only will a new owner purchase a sound business, they also get a lifestyle many only dream of!

Reference: EL00808
Ref: EL00808
Timestamp: 20171110054529

Enquire about this business