South Island Gateway Lifestyle and Investment

Picton, Marlborough

$790,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c6wchh

Jasmine Court Motel is a beautifully designed modern motel with loads of 'street appeal'.  Located in the thriving seaside town of Picton in the world famous Marlborough Sounds, Jasmine Court offers modern, spacious and very comfortable accommodation in the heart of Picton.  

Reasons to buy this property

Qualmark 4 star plus
Rated #3 out of 17 on Trip Advisor
Broad range of units
Conveniently located
30 year lease tenure
Complex
The complex has 19 units offering a range of units, ample guest parking and secure motorbike storage. The units comprise:

3 * 1 bedrooms
2 * 2 bedrooms
12 * studios
2 * apartment style studios with full laundry facilities
The owner's accommodation is a 3 bedroom residence with lounge, kitchen and 1 bedroom with bathroom on the ground level and 2 bedrooms and a bathroom upstairs.

Business opportunity
Currently successfully run by a manager and with gross revenue on an upward trend, the landlord has decided to sell a 30 year lease, with the opportunity for a new motivated owner to build the business and leverage off the growth in tourism that NZ is currently and projected to experience.

Location
​Jasmine Court Motel is situated close to the Picton waterfront, inter island ferry terminal and railway station.  Across the road is a major supermarket for guests' convenience and a short stroll to Picton's cafes, bars and restaurants.

Picton is the starting point for explorations of the Marlborough Sounds and the gateway to the South Island of NZ.  Picton is also a convenient stopping off point for travelers leaving and arriving on the popular Interisland ferry. The ferry operates between Wellington (NZ’s capital city) and Picton and carries an estimated 1 million passengers annually.

To find out more, go to www.linkbusiness.co.nz/EL00601 and press the “Enquire Now” button to complete an online confidentiality agreement.

***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.

Enquire about this business