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Picturesque Motel-lodge With Secure 35-yr Lease For Sale

North Taieri, Otago
Asking Price:
$580,000 (NZD)
Sales Revenue:
$250K - $500K (NZD)
Cash Flow:
$250K - $500K (NZD)

PRICE JUST REDUCED from NZ$580,000 to NZ$495,000!

You may be looking for an accommodation business that’s a little bit different. Perhaps you are yearning for a change of lifestyle but still want a decent income. This very special opportunity is now available for sale.

Featuring 10 modern luxury units set on the Taieri Plans in Mosgiel, Longbourne Lodge has been designed to provide the best of accommodation experiences. The sunny, spacious, warm cottages and garden studios nestle on five peaceful acres amongst trees and newly landscaped gardens. Set on approx. 5 acres (2 hectares) Longbourne Lodge is conveniently located just 20km from Dunedin Airport, 18km from Dunedin city and 3.3km from the restaurants, shops and supermarkets of Mosgiel.

This wonderful property can be comfortably managed by one person and features:

10 luxury, self-contained units including:
* Garden Studio
* 1-Bedroom "Cosy Cottages"
* 2-Bedroom "Family Cottages"
* Family Garden Studio

Set on 5 acres of beautifully landscaped gardens
Large well-appointed owner's home (suitable for a family)
* 3 x bedrooms
* 2 x bathrooms
* Open-plan with butlers pantry
* 2 offices
* Private garden courtyard
* Passive solar heating, double-glazing and solar hot water
* Offer rain collected filtered drinking water
* Waste water is recycled for the gardens.
*Excellent turnover and net profit

There is massive scope for a motivated operator to grow this business and enjoy a great income. Some opportunities are;

* Agri-tourism - a significant growth segment
* Develop a 'glamping' area
* Function venue - plenty of space to put up a marquee for weddings etc
* Meetings/conferences
* Home office - the current owner has previously run another business from home while still managing the Lodge
* Scope to develop additional units (the freehold owners are happy to work with interested parties)

Price of NZD$495,000 (plus GST) is for the leasehold interest (new 35-yr lease) in the business, with an annual rental of NZD$95,000pa (plus GST).

Property information

Real Estate:

Real Property Included

Living Accommodation:

This wonderful property features:

*10 luxury, self-contained units including:

- Garden Studio
- 1-Bedroom "Cosy Cottages"
- 2-Bedroom "Family Cottages"
- Family Garden Studio

*Set on 5 acres of beautifully landscaped gardens


* Large well-appointed owner's home
- 3 x bedrooms
- 2 x bathrooms
- Open-plan with butlers pantry
- 2 offices
- Private garden courtyard
- Passive solar heating, double-glazing
and solar hot water

Location:

Set on approx. 5 acres (2 hectares) Longbourne Lodge is conveniently located just 20km from Dunedin Airport, 18km from Dunedin city and 3.3km from the restaurants, shops and supermarkets of Mosgiel.

Premises Details:

Featuring 10 modern luxury units together with well-appointed owner/managers home

Business Operation

Reasons for selling:

Owners health

Other Information

Related Documents:

Contact Information

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