Seven Motel Plus Adjoining Vacant Section

Web Reference: SWCC11295

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54-56 Sunderland Street, Clyde, Central Otago

SOLD

FOR TENDER - Inspection by Appointment only

An excellent business opportunity has arisen here due to the pending retirement of the current owners. This motel is for sale as a freehold going-concern operation and is situated in the attractive and fast developing historic town of Clyde, Central Otago.

This property can be purchased as
1. Motels and Vacant Adjoining Section 3321 m2
2. Motels only 2491 m2
3. Vacant Adjoining Section 830 m2

The motels comprise of a total of seven units plus Manager's Residence:
3 superior 2 bedroom units
2 standard family 2 bedroom units
1 standard family 1 bedroom unit
1 standard single bedroom unit

The present owners have enjoyed a substantial and significant growth in occupancy rate over the past 5 years, all driven by the large number of activities now occurring within driving distance of the Clyde Township.

Due to the spread of special events, such as Wine and Food festivals, Wanaka Warbirds, cycling, Highlands Motor Sport Park along with the many public holidays there has been a corresponding surge of occupancy. Intending purchasers are invited to view the motel's own website: www.antiquelodgemotel.co.nz to view the range of facilities available to visitors staying at this motels. It won't take long for the enterprising business person to identify the development opportunities that exist within this property to grow and develop both the site and the business.

Tender packs will be made available following inspection of the property. Tenders close 4pm Friday 1st November 2019 at Southern Wide Real Estate, 84 Centennial Ave, Alexandra

Edwin new

Edwin Lewis

Branch Manager / Licensee

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