NELSON: Major Motor Inn on large land area. Lease $1,500,000 or FHGC $9,250,000.

Situated on a prime arterial road close to the Nelson city centre, the complex enjoys very wide street frontage and an impressive profile. The property has been developed in an ongoing way for the past few years and now offers 80 units either new or as new, along with restaurant, bar and numerous conference facilities. The most recent addition was a block of 12 motel style units along with a luxury managers residence.

The current owner has recognised the demand for conference facilities in Nelson and as such has acquired additional land to bring the total area to over 11,000 m². This land will provide for the construction of further conference facilities and the required parking to go with them.

This must represent excellent buying considering the land and real estate value alone. Nelson holds a strategic position in New Zealand’s tourism network and this opportunity is not likely to be repeated. For someone wanting a presence in this market it would be difficult to find better buying anywhere in the country.
 

We would welcome your enquiry on this Motor Inn for sale in Nelson via this website or by phoning KELVYN COFFEY on 0800 263339, DDI 03 550 0459 or 027 432 0565.