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Strategically located Gisborne motel on the market for sale
Strategically located Gisborne motel on the market for sale
A beachside central Gisborne motel complex with multiple buyer options has been placed on the market for sale as a going concern.
The well presented and positioned accommodation business, Beachcomber Motel, is located at 73 Salisbury Road alongside Waikanae Beach and is only minutes from the city centre.
After 10 years, the owners are retiring and have placed the land, buildings and business for sale as a freehold going concern with Bayleys Gisborne by negotiation, which is being marketed by salespeople Karen Raureti and Cory Hutchings. The property has a rating valuation of $1,345,000.
The property comprises 15 motel units - seven self-contained one-bedroom units, six studio units, one one-bedroom unit with kitchenette and a two-bedroom family unit - and a two-storey owner’s residence with three-bedrooms, two lounges, two bathrooms plus an internal lift. Zoned inner city residential, the land area totals 2023sqm, and the buildings have a combined floor area of 720sqm.
Potential buyers
have three purchase options:
- Option one: purchase the
entire complex of 15 units with full chattel list and the
owner’s residence
- Option two: Subject to a survey,
purchase a freehold title of approximately 550sqm, including
the owner’s residence and two one-bedroom self contained
units 14 and 15.
- Options three: Subject to a survey,
purchase 1474sqm of a freehold title, including units 1-13
which offer a mix of one, two and studio accommodation
options.
Ms Raureti said the flexibility of buying options meant the property would appeal to a wide range of potential buyers/investors.
“The first option allows a new owner
to take over a well established business and home. Option
two enables a new owner to enjoy the lifestyle offered by
this stunning location with a very comfortable family home
that features multiple indoor and outdoor living areas. The
two executive-style self-contained units could accommodate
independent family members or provide passive income from
short term rental or function as long-term rental
options,” she said.
“Under option three the buyer can
explore their options with this parcel of land. The mix of
accommodation options included could be rented out as in the
short or long term to provide an income.”
Ms Raureti said the Beachcomber Motel presented exciting business and lifestyle opportunities to a new owner, with the option to step into an established accommodation operation.
“This
is an ideal opportunity for a couple or family to move
straight in and take over a successful business which
already has a recognised corporate and leisure clientele,
and a growing number of potential new clients”, she
said.
Some units have spa baths, air conditioning, two
televisions, and courtyards. Internet, off-street parking,
laundry facilities, a portable barbecue, DVD player, and
charge back facilities for evening meals are available for
all guests. Tariffs for units range from $115 to $150 a
night.
Gisborne is a popular holiday destination for tourists and the sale of Beachcomber Motel is an opportunity to live beside the beach and remain within easy walking distance to the town centre, said Ms Raureti.
Both Waikanae Beach and Midway beach are linked by Oneroa boardwalk/cycleway which draws swimmers, surfers and tourists to the majestic scenery Gisborne beaches offer. The Olympic Pool complex is located just a few minutes walk down the road and the golf course is less than five minutes’ drive away.
“Beachcomber Motel has direct access to Waikanae beach across the sea view reserve land, with the owner’s residence and two upstairs units enjoying sea views.”
The Gisborne tourism market remains buoyant, with figures from the Ministry of Business, Innovation and Employment indicating that to the year-ended March 2015, visitor spend in the city reached $85.7 million — up from $83.5m the previous year.
“Gisborne has always been a hugely popular destination for tourists, who are drawn to its beautiful beaches, stunning scenery, hiking trails, wineries, museums and art galleries,” said Ms Raureti.
The business has been managed by the current owners and two part-time cleaners. The total number of guests in 2015 was 6346 and there are a number of forward bookings for 2016. Bookings can be made directly through the motel website and by other online booking agents.
The motel would be ideally suited to a couple or family wanting to take over an established business, and enjoy Gisborne’s enviable lifestyle, said Ms Raureti.
“This is an opportunity to invest in a property with a prime location in the heart of a popular tourist destination.”
For
further information on the Beachcomber Motel contact Karen
Raureti on 027 454 0977 or Cory Hutchings on 021 467 001
ENDS
Bayleys Real Estate
New Zealand
Bayleys is New Zealand's largest full-service real estate company. We offer expertise in the marketing and sale of a wide range of property, including residential real estate, farms and lifestyle blocks, and commercial and industrial property. This includes tourism and business sales such as hotels and motels. We also cover the real estate markets in Fiji and other Pacific Islands.
Bayleys also provides a complete property and facilities service including property management and valuations teams focused on achieving both Owner and Tenant satisfaction.
No other real estate company can match our breadth of coverage across all market sectors throughout New Zealand.
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