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Lantern Court Motel

$1,395,000

Freehold Going Concern West Coast

ID: 1693

Lantern Court Motel

Property Name:
Lantern Court Motel
Address:
63 Broadway Street, Reefton
Property Type:
Motels
Sale Type:
Freehold Going Concern
Price:
$1,395,000 
Region:
West Coast
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Rick Warren

Rick Warren

Broker | West Coast, Marlborough

M: 022 351 6772

rick[at]resortbrokers[dot]co[dot]nz

Rick Warren

Broker | West Coast, Marlborough

Contact Agent

Rick Warren

Mob: 022 351 6772

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

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Lantern Court Motel and Shops

Developed by the Scheerhoorn Family in Reefton, this long-term family business consists of five individual shops and a flat, bringing a great return of income, plus the landmark Lantern Court Motel.

Located in central Reefton beside the picturesque Inangahua river, this motel captures the past with old world charm, but with modern convenience.

Lantern Court Motel features two bedroom and studio units offering full kitchens, wireless internet, double glazing, some with spa bath & access facilities. One, two and three bedroom units are ideal for couples, families, and groups.

Reefton has a lot of history dating back to the 1870’s and is better known as the “town of light”.  Reefton attracts many tourists who come to visit the old gold mining towns and local historic spots.

Reefton is a very cute town and family orientated with a very good Area school as well as a great Catholic school. Rugby club for kids, karate, holiday programme, amazing river for the summer swimming and famous skate park, golf course, heated public swimming pool. A great place to bring up kids in a safe environment.

Reefton hosts some of the best bike and walk trails and trout fishing in NZ, and is popular with both domestic and International tourists.

Greymouth and Westport are an approximate 1-hour drive away, Nelson and Christchurch approximately 2.5 hour’s drive and Hanmer springs approximately 1.5 for that winter getaway. All in all a fab town to reside and a great business to support your lifestyle.

Opportunity awaits for either an investor to buy complete and sell off the motel lease or owner-operators to come and manage the motel topped off with a great little income from the shops.

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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Rick Warren

Rick Warren

Broker | West Coast, Marlborough

M: 022 351 6772

rick[at]resortbrokers[dot]co[dot]nz

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