A golden opportunity in sunny Nelson- Freehold going concern with multiple options
Waimarie on Riverside is now available for sale as a freehold going concern. The property provides future owners with a strong holding income. It consists of a mix of 6 motel units, plus a Riverside Apartment with interconnecting studio unit, and of course managers accommodation with stunning views. The motel has been carefully maintained both inside and out to a high standard by the owners over many years.
Robin and Alison have occupied and run Waimarie on Riverside Motel and Apartments for the last 23 years. “We shifted to Nelson for a totally new lifestyle and the Waimarie has suited us perfectly. It has provided us with a steady income, time to improve our golf handicap, and enjoy all that the Top of The South has to offer. With an easy walk into the city centre and a serene river and reserve outlook it is the ultimate location. This has been paramount in allowing us to enjoy the business and property for so many years.”
The Nelson Tasman area shines with its superb and varied outdoor environment. The total tourism expenditure in the region was approximately $708 million during the year to December 2023, which was up $646 million on the previous year. The total number of guest night in the region increased by 9.1% in the year to December 2023, compared to a year earlier. Visitors stayed a total of 1,354,300 nights in the region during the year to December 2023, which was up 1,241,200 a year ago.
As the geographical centre of New Zealand, Nelson has one of the busiest regional airports in the country. Nelson has the largest fishing port in Australasia, and is home to three of the largest fishing companies in the country. The Nelson/Tasman region has three national parks- Kahurangi, Abel Tasman, and Nelson Lakes, which is a huge drawcard for visitors both domestically, as well as internationally to enjoy everything from our golden beaches, to high mountain peaks. The region is world famous for its mountain biking trails, and two of New Zealand’s famous “Great Walks”- The Heaphy Track and the Abel Tasman. Nelson is also the gateway to Golden Bay, and the wild West Coast.
The corner 1146m2 site, which is located on the fringe of Nelson CBD enjoys a wide frontage to the riverside and provides high density redevelopment potential. The current owners have undertaken architecturally designed plans which provide for future redevelopment of the existing motel site. These are available on request.
The position of the apartment also provides an opportunity to subdivide the site.
All of the above makes this property a golden opportunity for an astute investor to secure a prime development site in a tightly held market, with strong holding income.
For further information on the property including financials, please contact Grant Unsworth.
0274 979 611
