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Property Ref: 49649

Ferrylink Motel FHGC For Sale in Picton

Property Type: Motels

Sale Type: Freehold Going Concern

Region: Marlborough

Physical Address: Ferrylink Motel Kent Street, Picton, New Zealand

Price: LAND, BUILDINGS & BUSINESS, asking $2,590,000 +GST (if any)

Broker: Dilan De Silva

Mobile: +64 27 444 9692

Email: dilan@tourismproperties.com

Ferrylink Motel FHGC For Sale in Picton

Ferrylink Motel is a busy accommodation facility in Picton. Currently boasting 11 rooms, from studios to family suites, this is the perfect property for those looking for a lifestyle change. This attractive property has a very healthy turnover and produces an exceptional high return.

KEY POINTS

  • Closest motel accommodation to Bluebridge Ferry and also close to Interislander Ferry
  • The motel organically fills with customers taking the Cook Strait Ferries
  • The motel boasts approximately 90% occupancy
  • The FHGC will produce a very good return for an owner operator
  • With a soft refurbishment a new owner has the opportunity to add a 2 bedroom apartment into the renting pool making 12 rentable units (the current revenue and profitability is based on 11 rental units)
  • There is plenty of easy access parking on the property which is an attractive benefit to many customers that travel with trailers / boats etc., across the Cook Strait

MANAGER’S RESIDENCE

  • A newly built bright sunny on site & functional manager’s house is included in the purchase
  • The residence has a master bedroom with ensuite and WIR, kitchen, dining, living and a sun drenched deck on the top floor
  • Ground floor consists of 2 bedrooms, family bathroom, toilet, garage, laundry and internal access to the Reception
  • The manager’s residence is designed to be private from the motel guests so that it promotes a great work-life balance

PICTON

  • Live in one of the sunniest places of the South Island.
  • Picton still does very well with domestic travellers and it is a transient town that booms with the international travellers
  • A number of the Ferrylink’s client base stay the night before catching the ferry to Wellington or stay the night after arriving in Picton from Wellington, as well as other regulars staying multiple nights and even weeks.
  • Picton is to undergo a massive port expansion to cater for a larger fleet of ferries, that will fill up motels in the next few years.

It’s a very rare opportunity that won’t last long.

It is a great time to buy a tourism business and be ready for a boom once the COVID19 travel restrictions settle down. Dilan De Silva also offers a 3 month free business consultation programme for buyers who are new to the tourism and hospitality industry.

For more information or to arrange your private viewing, please contact specialist Accommodation Business Broker, Dilan De Silva, on 027 444 9692 or email dilan@tourismproperties.com.


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Ferrylink Motel, Picton

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49649| Ferry Link Motel | Finances

49649| Ferry Link Motel | Title

49649| Ferry Link Motel | Property Summary

49649| Ferry Link Motel | Occupancy Reports 2013-2016

49649| Ferry Link Motel | Occupancy Reports 2017-2020

49649| Ferry Link Motel | Occupancy Reports 2021

Property Details

Property Type

Motels

Sale Type

Freehold Going Concern

Region

Marlborough

Physical Address

Ferrylink Motel Kent Street, Picton, New Zealand

Price

LAND, BUILDINGS & BUSINESS, asking $2,590,000 +GST (if any)

Contact Agents

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Dilan De Silva

Tourism, Hospitality & Leisure Business Broker
Upper South Island
International: +64 27 444 9692
NZ Mobile: 027 444 9692

Email: dilan@tourismproperties.com

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