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Property Ref: 40720

AL Park View, Freehold Going Concern Motel For Sale in Central Otago

Details Location Documents Reviews

Property Type: Motels

Sale Type: Freehold Going Concern

Region: Central Otago

Physical Address: Bantry Street, Alexandra, NZ

Price: LAND, BUILDINGS & BUSINESS FOR SALE $1,850,000 +GST (if any)

Broker: Adrian Chisholm

Mobile: +64 21 727 888

Email: adrian@tourismproperties.com

Al Park View Motel is on the Market in Central Otago!

This great freehold 10 unit motel complex and 3 bedroom home is situated on a prime corner site, overlooking the Pioneer Park in central Alexandra, Central Otago. This motel is conveniently located at the start of the Central Otago Rail Trail and the new Roxburgh Gorge following through to the Clutha Gold.

FEATURES:

Land, buildings and business in a prime location in Alexandra, near the cycle trails
Walking distance to town, activities and trails
10 modern motel units with great off-street parking options
Lovely three-bedroom home
Plus potential to develop further

The generous 2,024m² land titles (approx.) currently have the owner’s 3 bedroom home, motel office and 10 units, however there is a real opportunity to demolish the 3 motel units within the existing house, situated at 40 Shannon Street, and build additional motel units (potentially 5 new studio units, subject to planning permission from the local Council) to enlarge the number of motel units within the complex.

The complex currently has 3 studios (1 is a wheelchair-accessible unit), 5 x 1 bedroom units and 2 x 2 bedroom units. All rooms are on ground level and are very modern and have been constantly upgraded to ensure the motel is meeting customer expectations (see the reviews!).

There is generous back of house facilities, including the onsite laundry (only sheets and pillow cases go to the offsite laundry) and guest laundry, plus double-car garaging and plenty of other storage areas.

This large property has great off street car parking and BBQ facilities for guests.

This motel has been operated as a lifestyle business and a new owner could immediately employ OTA services and increase the tariffs to put this motel complex on a commercial basis.

Alexandra is the gateway to Central Otago and only a short distance from everything this region has to offer. It is well known for it’s hot temperatures, sensational summer fruits, gold mining history, premium wines and vineyards and the cycle/walking trails. If you’re ready to make a move to Central Otago, this is a fantastic opportunity with potential to develop further – call today.

For full information please contact specialist Accommodation Business Broker, Adrian Chisholm, AREINZ, on 021 727 888 or email Adrian@tourismproperties.com.

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40720: AL Park View Motel - GST Information (added 1 June 2021)

40720: AL Park View Motel - Land Title 1

40720: AL Park View Motel - Land Title 2

40720: AL Park View Motel - Accounts as at 28.4.21

40720: AL Park View Motel - GST Returns as at 28.4.21

40720: AL Park View Motel - Insurance Valuation as at 28.4.21

40720: AL Park View Motel - Market Rent Information as at 28.4.21

40720: AL Park View Motel - School & Zone information as at 28.4.21

40720: AL Park View Motel - Building Permit H056387 - Bedroom Addition

40720: AL Park View Motel - Planning Consent - Erect Bedroom on Motel

40720: AL Park View Motel - Building Permit F007066 - Erect Car Port

40720: AL Park View Motel - Building Permit 924 - Erect 5 motel units

40720: AL Park View Motel - Building Permit 431 - Plumbing & drainage for motel

40720: AL Park View Motel - Building Consent 090522 - Combined File

40720: AL Park View Motel - LIM L100034 (29/1/10)

40720: AL Park View Motel - Profit & Loss Extract 2020_2023

Surprised at the thought! ★★★★★

I have stayed in motels for many, many years of commercial travelling, and was completely surprised at the level of thought and care that went into designing these units. Movement sensor extractors, showerdomes, quality appliances, and a super comfy bed – much more than I expected. The location is also second to none with everything a short walk a away, and an attractive park view outlook.

What a lovely motel ★★★★★

We were lucky to have been allocated one of their units that had recently been built. One of the best rooms we had on this trip. Very clean, modern furniture, and beautiful bathroom. the motel overlooks the a park and is probably the closest motel to the town. Highly Recommended.

Al Parkview motel Alexandra ★★★★★

Had the best stay here highly recommend we came from Australia and booked over the internet no problem. Ev and Tony absolutely went out of their way for us and friendly people and service. Room is immaculate and serviced everyday. Close to town and everything walking distance. Will definitely stay here on our next trip. Donna and Wade.

Very clean and comfortable ★★★★★

We stayed here for 2 nights , while attending a family funeral. The owners were away for a break, and the motel minders were on duty. They were so helpful, pleasant and welcoming. The unit that we stayed in was a 1 bedroom unit. This was a relatively new unit. It was spotless, so well decorated and not a thing out of place. We have been in the motel business for almost, 17 years now. It was great to see a motel up to our standard!

Source: Online review platforms.

Property Details

Property Type

Motels

Sale Type

Freehold Going Concern

Region

Central Otago

Physical Address

Bantry Street, Alexandra, NZ

Price

LAND, BUILDINGS & BUSINESS FOR SALE $1,850,000 +GST (if any)

Contact Agents

Adrian Chisholm

PRINCIPAL | Tourism, Hospitality & Leisure Business Broker
Head Office | Queenstown & Central Otago
International: +64 21 727 888
NZ Mobile: 021 727 888