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Byron's Resort & Motel

$2,900,000

Freehold Going Concern Wellington

ID: 1553

Byron's Resort Motels and Campground

Property Name:
Byron's Resort & Motel
Address:
20 Tasman Road, Otaki Beach
Property Type:
Motels
Sale Type:
Freehold Going Concern
Price:
$2,900,000 
Region:
Wellington
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Paul Sanson

Paul Sanson

Broker | Manawatu, Whanganui, Wellington, Wairarapa

M: +64 27 903 4267

paul[at]resortbrokers[dot]co[dot]nz

Reasons to buy

  • Beach location
  • 39 camp sites on freehold titles
  • Excellent trading results

Paul Sanson

Broker | Manawatu, Whanganui, Wellington, Wairarapa

Contact Agent

Paul Sanson

Mob: +64 27 903 4267

Email: paul[at]resortbrokers[dot]co[dot]nz

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Motel and campground in prime beachfront location

Features include:

15 well appointed and spacious motel units all with kitchen facilities (includes 1 x studio unit, 2 x one bedroom units and 12 x two bedroom units).

A Conference/ Function Room. Seats 20 boardroom style and up to 40 theatre style. Fully self contained with kitchen/toilet facilities.

98 powered camp sites all of which are on their own freehold title. 59 of the sites have so far been sold. As part of the freehold title, all site owners are required to pay annual levies to cover the operation of the complex and its amenities. The remaining 39 sites (which can be individually sold) range in size from 70m2 to 100m2 and are let out to people with motor homes, caravans and tents.

A fully furnished Restaurant (Byrons Restaurant) which is leased out.

The complex occupies 2.1ha of land ( more or less) and includes a spacious five bedroom owners accommodation.

Other facilities include a squash court, tennis court, a petanque area, a children's playground, swimming pool, sauna and communal kitchen, bathroom, laundry, and TV lounge.

The complex trades exceptionally well and is especially busy over summer and benefits from the added bonus of the lease rental from the restaurant and the levies paid by the camp site owners.

A future owner has the option of selling off some or all of the remaining 39 sites and in doing so make a serious dent into the initial purchase price paid, and in turn receive annual income from the annual levies paid by the owners.

Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

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Paul Sanson

Paul Sanson

Broker | Manawatu, Whanganui, Wellington, Wairarapa

M: +64 27 903 4267

paul[at]resortbrokers[dot]co[dot]nz

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