LJ Hooker Oamaru
Real Estate Agents
- Listing #:
- L25993268
- Listed:
- 366 days ago
Buyer Enquiry Over $4,700,000 +GST (if any)
FREEHOLD MOTEL COMPLEX WITH HUGE POTENTIAL
346 Thames Highway, Oamaru North, WaitakiCommercial Other
-
- 1,405m2 Floor Area
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- 4,047m2 Land Area
About this property
Seize this rare opportunity & invest - The Heritage Court Motor Lodge & Restaurant complex is calling new owners!REASONS TO BUY
o Freehold Motel Complex with 34 units & 2 adjacent properties on separate titles creating potential income or redevelopment opportunity
o Prime location with State Highway 1 frontage, showing a good return on investment with potential for more
o Strong lease with 29 years remaining - QualMark 4 star rated, Large onsite Restaurant acts as another potential income source
Located in the beautiful town of Oamaru, overflowing with natural beauty & central to many tourist attractions such as Alps 2 Ocean, Victorian Precinct, Steampunk & Little Blue Penguins. Oamaru is situated in the Waitaki district, a designated Unesco World GeoPark due to the outstanding geological & cultural heritage & commitment to sustainable development. With the aptly named "Heritage" brand, marketing opportunities abound!
The large motel lodge complex offers 34 different types of studio & apartment units, set well back from the road & catering to all. Regular tour buses make the most of the large, secure, off-street carpark, & the large onsite restaurant is convenient & a hit with customers & locals. In addition, there are 2 adjacent properties on separate titles that offer another source of income or are perfectly located for redevelopment purposes - the choice is yours!
With multiple income sources & a dedicated existing tenant proudly growing the business, The Heritage Court Motor Lodge complex is a catch for the price. Be sure to book a stay & experience what is on offer to truly see the potential for yourself. Enquire today to receive an Information Memorandum & secure a private viewing.
Buyer Enquiry Over $4,700,000 +GST (if any)
Contact Erin Kingan 021 0234 7401 or Stephen Robertson 0274 731 112
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