HOKITIKA: Motel and Holiday Park - Long Lease or FHGC Available
$650,000 Plus GST (if any)
Listing # 33011 Listed 18 May 2015
About this property
Lease $650,000 or FHGC $2,200,000
A good business in a growing tourist town. This is great buying based on March 2015 accounts. Figures to March 2016 show significant increases in revenue and profitability, suggesting a compelling reason to buy now.
The Westland Co-operative Dairy Company acquired the Hokitika holiday Park which ceased to operate as from November 2015. This has provided a further boost to other accommodation providers in the town.
If you are looking for that opportunity with a good lease, a spacious home and a business that caters to various sectors of the market, this may be the one.
The motel units are all large, made up of 4 free standing two-bedroom cottages and a further 5 spacious two-bedroom family units, plus 5 studio units in the main block. The units in the main block open out to a sunny west facing lawn and garden area with children’s playground and barbeque. This provides the guests with a very pleasant environment in which to enjoy their evenings. All of the bathrooms in the main block have been upgraded, with new linings, shower cabinets, vanities and toilets.
The property has a total land area of 5,937m² and the motor home park has 11 powered sites plus 3 cabins with TV and tea and coffee making facilities. There is also a TV lounge with Sky TV and full kitchen facilities. Laundry facilities are provided on site and of course the ablution block including access bathroom. These facilities are presented in excellent condition. Other facilities to attract and retain guests include a large in-ground swimming pool (the only motel with a pool in Hokitika).
The package is capped off with a spacious and private four-bedroom manager’s home, which enjoys its own private outdoor area as well.
Revenue held up well in the earlier difficult economic times and produced a steady bottom line. The West Coast is marketed as a major tourism destination with Hokitika as a ‘must do’ increasingly on tourist’s itinerary.
We would welcome your enquiry on this motel and holiday park for sale in Hokitika via this website or by phoning KELVYN COFFEY on 03 550 0459 or 027 432 0565.
Commercial for Lease Hotel Motel Leisure
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