For Sale - Westport Motor Hotel FHGC

Description

The OpportunityA rare opportunity to acquire a substantial hospitality and accommodation complex in Westport, positioned to benefit from significant future economic growth. With major mining developments expected to transform the local economy, this property presents a strategic acquisition opportunity for an investor or experienced hospitality operator.Situated on a high-profile corner site spanning more than 4,200m², this large-scale complex offers exceptional commercial flexibility and multiple income opportunities. The property holds a 67% NBS (New Building Standard) rating, providing confidence in its structural performance.Property Features (Vacant Possession)The main complex is available with vacant possession, offering significant potential through multiple revenue streams:* Accommodation: 27 guest rooms suitable for contractors, tourists, and corporate travellers.* Food & Beverage: Large restaurant space with seating capacity for approximately 80 to 100 guests.* Bars & Entertainment: Three separate bar areas including a guest bar, public bar, and conference facility bar.* Owner/Manager Accommodation: On-site two-bedroom manager’s apartment.* Parking: 28 secure off-street car parks.Built-In Security: Existing Tenanted IncomeThe property benefits from immediate income through an established and popular on-site liquor store. A secure lease is already in place, providing reliable cash flow from the beginning of ownership.Two Strategic Acquisition OptionsWhether seeking a passive investment opportunity or an active hospitality venture, this property provides flexibility to suit different investment strategies.Option 1: Freehold Investment (Passive Return Approximately 8%)Acquire the freehold asset and benefit from a projected passive return of approximately 8%. A qualified operator is available to lease, manage, and operate the entire complex, providing a potential hands-off investment solution.Option 2: Freehold Going Concern (Active Operator Opportunity)Take control of the hotel, restaurant, bars, and conference facilities and develop the property as a major hospitality destination. This presents an opportunity to capitalise on increasing accommodation demand driven by future industrial growth in the region.Location & Future PotentialWestport is positioned for significant economic expansion, creating strong future demand for accommodation and hospitality services. Large-scale freehold properties of this nature, especially those offering more than 4,200m² of land and multiple business opportunities, are rarely available.Offers Over $2,000,000 plus GST, if any.Eligible for New Zealand Golden VisaThis property, when combined with other qualifying investments, may be eligible for New Zealand Golden Visa categories. Further information available upon enquiry.