SOLD: Central Blenheim Motel Gem – Rarely Available – Highly Desired!
Property Overview
171 On High Motel is a rare opportunity to purchase a strong-performing modern motel business in the heart of Blenheim.
Complexes of this calibre are very hard to find these days, especially with a highly manageable and well-balanced mix of 12 units paired with a spacious 3-bedroom, 2-bathroom owner’s residence. The complex has the added benefit of being recently refurbished to a high standard, meaning any new owner can step in and operate this complex with absolute pride.
The property offers excellent street appeal, off-street parking, and a layout that is both functional and attractive to guests. The mix of units ensures strong occupancy from a wide range of clientele, whether business, leisure, tourists or family travellers.
What We Like:
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Rare Offering To Market.
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Central Blenheim Location, On High Profile Corner.
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The Perfect Mix Of 12 Units – 2 x Two-Bedroom Superior & Exec Units, 2 x One-Bedroom Suites, 1 x One-Bedroom Spa, 4 x Standard Studio, 2 x Spa Studio, 1 x Deluxe Spa Studio.
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Modern Comfortable Furnishings, Plant and Chattels.
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Recently Refurbished with New Heat Pumps, Carpets, Bedding, Drapes, Paint.
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Long Lease 20 Years with Further Right of Renewal Plus 5 (Making Circa 25 Years).
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Strong EBITDA Profits and Turnover.
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Currently Under Management, Which Presents Growth Potential For A New Hands-On Owner.
This is a great accommodation business opportunity not to be missed, with strong repeat clientele, an unbeatable location, easily managed, profitable, the Blenheim lifestyle and a modern motel home and income — the rewards of owning this business are now.
We welcome all enquiries, for further details and to arrange a private viewing, contact our specialist Accommodation Broker, Adam Berry on 021 409 441 or email adam.berry@tourismproperties.com
