Skip to site navigation Skip to main content
main content

12 Bantry Street, Alexandra

Asking price $1,850,000 + GST (if any)

Listing Description

Listed: Tue, 4 May

Freehold Going Concern Motel For Sale

12 Bantry Street, Alexandra, Central Otago, Otago

Asking price $1,850,000 + GST (if any)

Details

  •   1m² Floor
  •   2024m² Land
AttributeValue
Property use
Tourism
Viewing instructions
Please see our website tourismproperties.com for full details
Parking
Please see our website tourismproperties.com for full details
Property ID#
HFN774
Agency reference
40720

Description

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

This freehold 10 unit motel complex & 3 bedroom home is situated on a prime corner site, overlooking Pioneer Park in Alexandra. 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:

  • Prime location near the cycle trails
  • Walking distance to town, activities and trails
  • 10 modern units with off-street parking
  • Lovely 3bdm 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 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 an accessible unit), 5 x 1 bedroom units and 2 x 2 bedroom units. All rooms are ground level, very modern and have been constantly upgraded to ensure the motel is meeting customer expectations.

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. 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, known for hot temperatures, summer fruits, premium wines and 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 contact specialist Accommodation Business Broker, Adrian Chisholm, AREINZ, on 021 727 888 or email mailto:Adrian@tourismproperties.com.


Map




Adrian Chisholm


Advertisement

Agent's details

Adrian Chisholm

Enquire about the property

Tourism Properties, (Licensed: REAA 2008)

Share this listing

Facebook
Twitter
New Welcome to the new-look Trade Me
Learn more