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Central Gateway Motel

Deadline Sale, 7 Nov 2021

Freehold Going Concern Otago

ID: 1862

A lifestyle earner

Property Name:
Central Gateway Motel
Address:
67 Inniscort St, Cromwell
Property Type:
Motels
Sale Type:
Freehold Going Concern
Price:
Deadline Sale, 7 Nov 2021 
Region:
Otago
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Leanne Bate

Leanne Bate

Broker | Waikato & Auckland

M: +64 21 0350049

leanne[dot]bate[at]bayleys[dot]co[dot]nz

Leanne Bate

Broker | Waikato & Auckland

Contact Agent

Leanne Bate

Mob: +64 21 0350049

Email: leanne[dot]bate[at]bayleys[dot]co[dot]nz

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Central Gateway Motel is being offered for sale as a Freehold Going Concern. An eight-unit high quality motel offering a range of modern, spacious suites catering to a myriad of visitors. Included in the sale is a three-bedroom, two-bathroom adjoining home which is perfect for a prospective owner-operator who is looking for a great lifestyle to match their investment, or as an additional revenue stream.

The property has stunning views of the nearby mountains, and great access to local attractions such as hiking/biking trails, the Kawarau and Clutha rivers, vineyards, cafes, bars, and restaurants. The generous outdoor entertainment area and quality of units are yet another reason why this motel has become popular with visitors year-round.

From an investor's standpoint, the motel is fully fitted out and in great condition sitting on a 2023sqm section. It has little need for renovation, but should the investor choose to make upgrades in the future, there is the potential to do so with consented plans already drawn for the construction of an additional four units.

Cromwell is a brilliant investment in its own right and is quickly becoming a go-to option for New Zealanders looking to relocate to Central Otago - remaining close yet removed from the tourist centres of Queenstown (a mere forty-five-minute drive from the international airport) and Wanaka. This trend indicates that the area is on the cusp of rapid growth, so investors are encouraged to act quickly.

This sale is an opportunity that should not be overlooked. It offers a turn-key business that has the quality and scope needed to adapt to the future growth of this area, as well as a home in one of New Zealand's most coveted locations. Price is plus GST (if any).

 

This property is a Freehold Going Concern and is being sold by Deadline Sale 7th November 2021 (unless sold prior). 

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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Leanne Bate

Leanne Bate

Broker | Waikato & Auckland

M: +64 21 0350049

leanne[dot]bate[at]bayleys[dot]co[dot]nz

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