Character motel


1737 Rings Road, Coromandel

Asking Price NZD $1,795,000 + GST (if any)

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Character motel | 1737 Rings Road, Coromandel | 2311139 |      X Close
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Description

Character motel


•Established business with home and income

•Character owners villa with a self-contained guest unit

•Eight self-contained one & two bedroom cottages

•Situated on 7,753sqm of land offering room to grow

•Expand into the niche wedding and small corporate getaway market

Renowned as one of New Zealand's top tourism destinations Coromandel township and Peninsula is leading the way in the domestic tourism market. Post covid has seen an increase in occupancy over what would typically be the slow winter months with weeks completely booked out increasing income that has more than doubled from previous years. This motel with proven results gives you the comfort to make a lifestyle change without the risk of overexposing yourself to the overseas tourism sector.

The township has recently had the new zip line attraction open alongside the world-renowned potters railway and in recent months coupled the government announcement of approximately $20m plus investment in nearby "sugarloaf" wharf making the Coromandel even more accessible. Alongside what is classed as some of the best fishing and recreational diving in NZ at your back doorstep it is easy to see why the Coromandel is a destination favoured by many.

Property is for sale as a freehold going concern. Financials available upon request.

1737 Rings Road, Coromandel

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