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Modern Motels (South Otago) Best In District For Sale

Milton, Otago
Asking Price:
$425,000 (NZD)
Sales Revenue:
$250K - $500K (NZD)
Cash Flow:
$250K - $500K (NZD)

As the only motel complex in Milton this business enjoys a genuine captive market. Milton has substrantial local industry including Calder Stewart, Pan Pac Forest Products, McLay Boats and the Correction Facility that, together with the extensive area farming, draws a constant flow of visitors. And being on State Highway 1, only 20 minutes from Dunedin Airport, 30 minutes from Mosgiel, 45 minutes from Dunedin, this is a fantastic location.

Comprising two 'combined' but distinctly different brands (Asure St John's Court and Aotea Motor Lodge) on opposite sides of SHW1, this business has scale - with 24 units - that caters to a diverse range of travellers.

Aotea Motor Lodge is an older development that is ideal for those on a budget, school groups, sports groups etc. It comprises 10 units ( 2 x studio, 3 x two bedroom and 5 x one bedroom)

Asure St. John’s Court is an impressive, modern (2006), well-appointed 'four-star' complex that serves the discerning customer. It includes 14 units ( 10 studio. Including two access units and four 2 bedroom units with 3 with spa baths). The Asure loyalty programme provides extra incentive to stay. Bookings may be made either direct or through Asure.

The owner’s accommodation is modern and spacious three bedroom residence with two bathrooms and open-plan kitchen/dinin g, connected to the office area. The Kitchen includes a commercial oven if you choose to offer meals to guests.

The asking price of $425,000 (don't be afraid to make an offer!!) reflects the fact that the Lease/s have approx 17 years remaining.

Property information

Real Estate:

Lease

Living Accommodation:

Modern, comfortbale owner/managers accommodation

Location:

Located on busy main highway SHW1 o

Premises Details:

Situated on the junction of State Highways 1 and 8, where the Southern Scenic Route joins the inland route to Central Otago and Queenstown.

On SH 1 Southern Scenic route

Gateway to Central Otago, Catlins Coast and South Otago

20 minutes south of Dunedin’s International airport

45 minutes south of Dunedin City

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