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Lantern Court Motel and Shops

$1,350,000

Freehold Going Concern West Coast

ID: 1741

Great Combination Motel and Shops FHGC

Property Name:
Lantern Court Motel and Shops
Address:
63 Broadway Street, Reefton
Property Type:
Motels
Sale Type:
Freehold Going Concern
Price:
$1,350,000 
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

Reasons to buy

  • Great return on investment with well-run motel and collect the rent from long term shop tenants
  • Reefton is on the tourist map of must-see landmarks
  • Solid building with Earthquake ratings in place
  • Town centre location close to shops, restaurants and bars

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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Developed by the Scheerhorn Family in Reefton, a long term family business.  This Freehold Going Concern is a great creation of the 12 unit Lantern Court Motel and 5 individual shops bringing a great return of income.

Located in central Reefton beside the picturesque Inangahua river. The Motel boasts new 2 bedroom and studio units offering full kitchens, phones, wireless internet, double glazing and some rooms with spa baths and access units.  Plus 1, 2 and 3 bedroom character rooms very popular with the history-chasing tourists.

Reefton has a lot of history dating back to the 1870's better known as "the town of light" and now attracts many tourists who come to visit the gold mining towns and historic sites.

This opportunity waits for either an investor to buy complete and sell off a business lease on the motel, or an owner-operator to come and manage the motel and collect a great little income from the shops.

A leasehold option is also available to any interested persons.

We have motivated vendors here looking to sell the FHGC and open to all offers, they will also look at taking residential property as part payment. So please bring all offers to the table for consideration.

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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