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Property Ref: 4752

Regency Motel Business Lease For Sale – Ashburton NZ

Property Type: Motels

Sale Type: Leasehold Interest (Business)

Region: Canterbury

Physical Address: 820 East Street North, Ashburton

Price: Leashold Business POA

Broker: Brad Watts

Mobile: +64 21 278 0919

Email: brad@tourismproperties.com

Always wanted to own and operate your own accommodation business: Ashburton is the rural hub for Mid Canterbury and the motel accommodates the needs for the corporate market servicing the industries in this region. It also caters for the domestic and international leisure markets during the summer high season and holiday periods. This motel would have to be one of the best presented and cleanest motels I have inspected for some time.

What’s on offer:

The Lease: 23 years remain on the lease which expires in 2042. Rent reviews every 2 years, Proportion of outgoings 100%.

The motel units and chattels are in excellent condition due to the ongoing painting, maintenance and replacement schedule.

15 Motel units, configuration: 6 x one bedroom units, 4 x studio units, 4 x two bedroom units and 1 x apartment.

Guest facilities: include a guest laundry, children’s play area with trampoline, outdoor pool and entertainment area with BBQ.

Owner’s accommodation: Large family home, 2 bedrooms on the second floor with shared bathroom and toilet. On the ground floor there is a master bedroom, separate toilet and bathroom, open plan dining and living areas overlooking the private courtyard garden. The motel reception is conveniently located off the hallway and kitchen area.

Brokers Comments: This is a perfect entry-level motel business for a family or couple. It’s the first motel on East Street heading south. It’s close to the AMP show grounds and Racecourse. Only 2 km from the main township and shopping prescient, Domain gardens and sports facilities. To learn more about this opportunity please contact Brad Watts Mob: 0212 780 919 or email: brad@tourismproperties.com

About Ashburton: it is the bustling hub of the district, at the centre of a compact but amazingly varied region. People stop and stay and are surprised at what they find. Called New Zealand’s granary and a destination in it’s own right, combining modern city facilities and vibrancy with rural town friendliness.  You’ll appreciate the high quality shopping precincts, eclectic cafes and restaurants, craft shops, nationally recognised art gallery and museum and many other hidden treasures.

Ashburton has retained solid, old-fashioned values. Here you will find the most amazing “we can do it” attitude that is reflected in many aspects of life and what’s been achieved for the town both in the quality of life and commercial success.

Lake Hood, on the outskirts of Ashburton, is a paradise for water enthusiasts with a wide range of activities including swimming, yachting, boating and waterskiing. Enjoy coffee or dining at the lakefront restaurant and watch the world go by.

Top class sporting facilities cater for all codes and include an international-standard hockey pitch, superb tennis courts and challenging golf courses. Because this is such a good place to live, to bring up the kids, it’s also a great place to visit and soak up New Zealand the way we would still like it to be and there’s plenty to see and do.

Ashburton, NZ

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Regency - Occ Stats

Regency - Occ Stats

Regency - lease

Regency - Assignment of Lease

Regency - Financials

Regency - 2018 Financials

TripAdvisor Feedback 

“Excellent Motel”
This motel is first class, extremely clean and the couple that run the establishment are very professional and friendly. We only had one night but wished we could have stayed a week. We were made very welcome on arrival and before our evening meal we enjoyed a swim in the small pool which was very welcome after a day of driving! The unit we had was very comfortable and had everything we needed. The kitchen was immaculate and provided every implement anyone could possibly need to cook with. A most enjoyable stay and if we return to the area we will definitely stay longer.

“Wonderful stay!”
I found my recent stay at this motel very enjoyable. I was warmly welcomed by the owners little black Schnauzer, Rose, at check in and everything was ready for me. The room (Unit 15) was immaculate, the bed was very comfortable and I found the huge spa bath the perfect way to end the day. It was also very relaxing and quiet being able to sit next to the pool in the sun and read a book – absolute bliss!

The owners were very welcoming and helpful when I was asking them questions about what there was to see and do in Ashburton – they know the area very well an I would highly recommend.

Property Details

Property Type

Motels

Sale Type

Leasehold Interest (Business)

Region

Canterbury

Physical Address

820 East Street North, Ashburton

Price

Leashold Business POA

Contact Agents

Brad Watts - Tourism Properties Business Broker

Brad Watts

Tourism & Hospitality Business Broker
Canterbury, Marlborough, Tasman & Upper West Coast
International: +64 21 278 0919
NZ Mobile: 021 278 0919

Email: brad@tourismproperties.com

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