Admirals goes on sale

Admirals Motor Lodge on the main route between Blenheim and Christchurch has been placed on the market for sale.

Located at 161 Middle Renwick Road in the Blenheim suburb of Springlands, the motel is a leased 20-unit accommodation provider sitting on 3,650 square metres of land close to Blenheim Airport and on the main route out of the city.

The motel is configured into a single three-bedroom unit, five two-bedroom units, three single-bedroom units, and 11 studio units – all fitted out with kitchenette amenities. Recreational facilities at the Middle Renwick Rd site include a swimming pool and spa.

In addition to the commercial accommodation, the venue has a three-bedroom owner/manager’s residence.

 The venue also has two conference room facilities suitable for hosting board meetings, training sessions and small wedding receptions. The board room can seat up to 15 people seated in lecture, theatre-style or boardroom layouts.

Meanwhile, the conference room can seat up to 50 people in U-shaped, lecture, theatre, café, or boardroom layouts.

The business has been placed on the market for sale for $765,000 plus GST through Bayleys Marlborough. The business has 24 years remaining on its lease.

‘Admirals Motor Lodge is located in Springlands, which is a very popular and well-established suburb with on-going development. It is just 25 minutes from the Picton ferry terminal. The business has delivered excellent revenues and occupancy rates,’ he says.

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