Freehold Going Concern Motel, Picton

Freehold Going Concern Motel, Picton — Hospitality & Tourism · Picton · Asking $5,050,000

Gateway Motel is a 26-unit motel in central Picton, offered as a Freehold Going Concern with the land and buildings included. The accommodation mix runs to 21 studio units (four of them family studios), two one-bedroom units and three two-bedroom units, suiting couples, families, corporate guests and small groups. A commercial café tenancy adds a rental income stream alongside the motel…

DealProspect/Listings/Hospitality & Tourism

Freehold Going Concern Motel, Picton

Motel

ActiveHospitality & TourismMarlboroughB2C

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Asking price

$5,050,000

Disclosed · NZD

Revenue

—

Earnings

—

Implied multiple

n/a

Price includes the property

Brief

Gateway Motel is a 26-unit motel in central Picton, offered as a Freehold Going Concern with the land and buildings included.
The accommodation mix runs to 21 studio units (four of them family studios), two one-bedroom units and three two-bedroom units, suiting couples, families, corporate guests and small groups.
A commercial café tenancy adds a rental income stream alongside the motel operation.
A three-bedroom, two-bathroom owner's residence sits privately but stays connected to the office and reception.
The High Street site is walking distance to cafes, restaurants, supermarkets, the waterfront, marina and both ferry terminals.
The motel has a proven trading history in one of New Zealand's busiest tourism and transport gateways.

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