An alpine motor lodge in the thermal capital of the South Island and at the base of the original leg of the renowned New Zealand Cycle Trail has been placed on the market for sale.
The Hot Springs Motor Lodge in North Canterbury is located in the heart of the prominent tourist village Hanmer Springs and is being offered for sale as a going concern through leading real estate agency Bayleys.
Bayleys salespeople Peter Harris and Kate Mullins said the sale presents an opportunity to expand its current operation catering to cyclists, adventure seekers and tourists visiting the renowned hot pools, by tapping into the corporate business opportunities available.
The 8,164sqm property is comprised of two double storey accommodation blocks housing a total of 32 units. A reception office, manager’s residence and garage are also housed in one of the accommodation blocks and next door is a conference centre, including meeting rooms, with the capacity to seat up to 200 people.
Ms Mullins said the lodge hosts a number of key corporate clients throughout
the year, providing a reliable income source in the low tourist season.
Conference hosting has been identified as a key growth area for the lodge, Ms Mullins said, with the potential to develop additional facilities on a vacant plot of land adjacent to the existing buildings.
The bare 6,685sqm parcel of land, to the south east of the motor lodge fronting onto the main road, is also available for purchase alongside a three bedroom stand-alone home that would accommodate a live and work arrangement, she said.