This consistently profitable beach Motel is being offered for sale as a fully managed freehold going concern.
It is presented in immaculate, modern condition and offers various development possibilities. Strategically located beside Kaiteriteri’s spectacular golden beach, it sits some 11 meters above high tide level, yet less than 200 meters to the water’s edge.
Offering impressive views over one of the South Island’s most popular holiday beaches it is always 100% booked through the holiday season. The shoulder season is also very well patronised with convenient access to the internationally popular Abel Tasman National Park and world class boating, swimming, mountain biking, sea kayaking, tramping and fishing all on Kaiteriteri’s doorstep.
With limited development land available astute purchasers will recognise this property’s underlying strategic value and development potential.
Currently run by first class managers there are options to continue trading as is, further expand the existing complex, do a major tourism or residential development, or sell off the leasehold interest and build a mansion looking out to sea. This pristine property offers many possibilities and will appeal to owner operators, investors and developers.
Asking price of $3,200,000 FHGC includes an undeveloped residential section with water views.
Contact Ken today for more information.