Character in Coromandel: Freehold going concern motel for sale

This stunning motel offers the best of lifestyle and business, right in the heart of Coromandel township.

The motel comprises eight well-presented units, with a further potential unit for increased turnover! • 6 x two bedroom cottages • 2 x one bedroom cottages All stand-alone cottages are spacious, with full kitchens and bathrooms which have all been renovated in the last two to three years. All units have private verandah patios and ample parking at the rear of each unit. A character cottage which is currently used for storage could possibly be converted to additional accommodation or a fisherman’s cottage, subject to the usual council consents. Additional facilities include: • 10m x 5m concrete, solar heated swimming pool • Communal picnic/BBQ/team meeting area • 1 x further building that could be converted into a fisherman’s retreat • Substantial double garage with roller doors – currently used as business and guest laundry + storage. Owners’ Accommodation: The owner’s accommodation is a wonderful character home comprising a generous 216 square metres. It comes with all the charm one would expect in such an elegant property. An attractive wraparound deck allows you to maximise the sunny Coromandel days. This business offers a very attractive bottom line, lifestyle as well as significant and obvious tangible value that would be the envy of many. Coromandel Colonial Cottages offers visitors the opportunity to soak up a mixture of history and New Zealand’s amazing coastline in the backdrop of the surrounding hills – a unique property in a very special place. Whether you are new to the hospitality industry or a seasoned professional, you will appreciate its location and value. Coromandel Cottages is even more highly rated as there are few motels of its type – particularly in the heart of the township, to cater for the record number of tourists who flock to the region. Destination Coromandel reports that the 12 months to the end of March 2015 saw increases across all accommodation sectors, with a total of 804,341 guest nights, a gain of 10.3 per cent over the previous year. Nationally, the growth in total guest nights over that time was just 6.3 per cent. The current owners have had this freehold going concern for a good number of years. During this time they have built a strong return clientele base and have enjoyed the lifestyle that one would expect when living in such a fantastic part of New Zealand. First time visitors to Colonial Cottages are impressed by the blend of the character of yesteryear and the attractively presented outdoor areas. The grounds have been extensively developed to include a stone drive leading from the road to the main dwelling and units, a variety of wellestablished trees and shrubs, fencing and established lawn areas. The complex is attractively lit with older style outdoor lighting, in keeping with the colonial look of the complex. The motel is just two hours by ferry and two and a half hours by road from Auckland - this proximity has had a major impact on the region’s tourist arrivals. The AA Traveller Monitor reveals that people generally holiday within a three-hour radius of where they live, making the Coromandel a very attractive, all-year destination for Auckland and Bay of Plenty travellers. This means more than a third of our population have the Coromandel Peninsula ‘on their doorstep’.