Blenheim’s Admirals Motor Lodge for sale

5:00 AM Saturday July 1, 2017 True Commercial

Admirals Motor Lodge is on the main route between Blenheim and Christchurch. Photo / Supplied

Admirals Motor Lodge, a busy motel on the main route between Blenheim and Christchurch, is now for sale as a going concern business within leased premises.

The property, at 161 Middle Renwick Rd in the Blenheim suburb of Springlands, is a 20-unit accommodation provider on 3650sq m of land. It is close to Blenheim Airport and on the main route out of the city.

The motel is configured into a single three-bedroom unit, five two-bedroom units, three single-bedroom units, and 11 studio units — all fitted out with kitchenette amenities.

Combined, the accommodation buildings have 1600sq m of floor space. Recreational facilities at the Middle Renwick Rd site include a swimming pool and spa.

The business is on the market for $765,000 net through Bayleys Marlborough and features in Bayleys’ latest Total Property portfolio magazine.

Salesperson Grant Baxter says the business has 24 years remaining on its lease and, in addition to the commercial accommodation, the venue has a three-bedroom owner/manager’s residence.

“Admirals Motor Lodge is located in Springlands, a very popular and well-established suburb with on-going development. It is just 25 minutes from the Picton ferry terminal,” Baxter says.

“The business has delivered excellent revenues and occupancy rates.”

The venue also has two conference room facilities suitable for hosting board meetings, training sessions and even small wedding receptions. The board room can seat up to 15 people seated in lecture, theatre-style or boardroom layouts.

The conference room can seat up to 50 people in U-shaped, lecture, theatre, cafe, or boardroom layouts. Male and female toilets are located within the conference building.