Clicky

My Watchlist
09 369 9708

Lantern Court Motel

$365,000

Business West Coast

ID: 1705

Lantern Court Motel

Property Name:
Lantern Court Motel
Address:
63 Broadway Street, Reefton
Property Type:
Motels
Sale Type:
Business
Price:
$365,000 
Region:
West Coast
Share
Print + Watchlist View Similar Listings
Enquire Now
Rick Warren

Rick Warren

Broker | West Coast, Marlborough

M: 022 351 6772

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

Reasons to buy

  • New 30 year lease
  • Good tourist area
  • Great returns
  • Historic township

Rick Warren

Broker | West Coast, Marlborough

Contact Agent

Rick Warren

Mob: 022 351 6772

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

Download vCard

What a find in the gateway to the West Coast, this easy to run well-established motel is currently operated under management with a great opportunity for advancement under owner-operators.

Very good mix of rooms from modern units to open 3 bedroom 'old-school' balcony rooms taking in the ambiance of a historic rural township.

Reefton attracts tourists and corporate clients and with loads being spent enhancing the town with a couple of big projects getting underway.  

With a brand new 30 year lease and an approximate 30% yield.

https://www.stuff.co.nz/national/107924526/new-people-tourists-and-businesses-are-flocking-to-reefton.html

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.

Share
Print + Watchlist View Similar Listings
Enquire Now
Rick Warren

Rick Warren

Broker | West Coast, Marlborough

M: 022 351 6772

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

Confidentiality

To access information about this listing please follow the link below and complete the Confidentiality Agreement Form.

Confidentiality Agreement Form

Due Diligence Room

Click below to login to the Due Diligence room for this property.

Login

Top