Established motel - A lucrative opportunity

Colliers presents Andorra Motel, 16 McKenzie Street, Geraldine, to the market for sale.
 
The Andorra Motel stands as a beacon of success in the local accommodation industry. With its established reputation and proven profitability, this motel offers owner operators and investors a golden opportunity to tap into Geraldine’s strong tourism market, ensuring a steady stream of guests seeking quality accommodation. Offering a generous land holding of 4115 sqm, the property not only provides ample space for current operations but also holds potential for future expansions, making it an attractive prospect for both owner-operators and investors alike. Moreover, the Andorra Motel features a large private six-bedroom, three-bathroom house, providing added potential to increase income. The efficient layout of the 14 motel units also maximizes revenue potential, while the inviting ambience and central swimming pool area ensures guest satisfaction. 

Whether you’re a first-time motel owner or a savvy investor, the Andorra Motel presents a compelling opportunity to secure your foothold in Geraldine.

Contact the sole agent for more information or to arrange a viewing. 
 
The freehold going concern is offered for sale or lease by Deadline Private Treaty closing 4pm, Thursday 20 June 2024 (unless sold prior). 
 
*Boundary lines are indicative only.

Features:
* Large 4,115 sqm land area
* For sale or lease
* 14 motel units
* Proven and profitable business
* 960 sqm floor area (approx.)
* Additional motel unit development potential
* Freehold going concern
* Large private six-bedroom, three-bathroom house
* Central guest swimming pool
* Business trading well with strong future bookings


More information: https://www.colliers.co.nz/p-NZL67028929

Agency reference #: NZL67028929