A diamond on Waikanae Beach

5:00 AM Saturday March 19, 2016 TrueCommercial

The frontage of the Beachcomber Motel in Gisborne.

Representing an ideal opportunity for a couple or family to move straight in and take over a successful business, a beachside central Gisborne motel complex with multiple buyer options is on the market as a going concern.

The well-presented Beachcomber Motel is just minutes from the city centre, at 73 Salisbury Rd, yet right alongside Waikanae Beach.

After 10 years managing the business, the owners have decided to place it — plus land and buildings — on the market with Bayleys Gisborne.

Now for sale as a freehold going concern, and with rating valuation of $1,345,000, the property is being marketed by Karen Raureti and Cory Hutchings (for sale by negotiation).

It comprises 15 motel units — seven self-contained one-bedroom units, six studio units, one one-bedroom unit with kitchenette and a two-bedroom family unit — and a two-storey owner’s residence with three-bedrooms, two lounges, two bathrooms plus an internal lift.

Zoned Inner City Residential, the land area totals 2023sq m, and the buildings have a combined floor area of 720sq m.

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One of the accommodation units in the Beachcomber Motel. 

A buyer has three options:

  •          purchase the entire complex of 15 units with full chattel list and the owner’s residence;
  •          subject to a survey, purchase a freehold title of about 550sq m, including the owner’s residence and two one-bedroom self-contained units 14 and 15; and,
  •          subject to a survey, purchase 1474sq m of a freehold title, including units 1-13 which offer a mix of one, two and studio accommodation options.

Raureti said that flexibility meant the property would appeal to a wide range of potential buyers/investors.

“The first option allows a new owner to take over a well-established business and home. Option two enables a new owner to enjoy the lifestyle of this stunning location with a comfortable family home that features multiple indoor and outdoor living areas. The two executive-style self-contained units could accommodate independent family members or provide passive income from short term rental or function as long-term rental options,” she said.

“Under option three the buyer can explore their options with this parcel of land. The mix of accommodation options could be rented out short or long-term to provide an income.”

Raureti said the Beachcomber presented exciting business and lifestyle opportunities, with the option to step into an established accommodation operation.

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The office and reception centre. 

“This is an ideal opportunity for a couple or family to move straight in and take over a business which already has a recognised corporate and leisure clientele, and a growing number of potential new clients.”

Some units have spa baths, air conditioning, two televisions, and courtyards. Internet, off-street parking, laundry facilities, a portable barbecue, DVD player, and charge back facilities for evening meals are available for all guests. Tariffs for units range from $115 to $150 a night.

“Beachcomber Motel has direct access to Waikanae beach across the sea view reserve land, with the owner’s residence and two upstairs units having sea views.”

The Gisborne tourism market remains buoyant, with figures from the Ministry of Business, Innovation and Employment indicating that to the year-ended March 2015, visitor spend in the city reached $85.7 million — up from $83.5m the previous year.

The business has been run by the owners and two part-time cleaners. There were 6346 guests in 2015 and there are forward bookings for 2016.