The freehold going concern of Saxton Lodge Lodge has been sold to a family who intend to owner occupy for $6,900,000.00. The sale was brokered by Gill Ireland of Bayleys Nelson and Wayne Keene of Bayleys Auckland.

The property comprises of 48 units, a mix of studio, one and two bed units with the added attraction of a strip of undeveloped land adjacent to the property. The total land area is 5,834sqm (more or less) with the accommodation units over two floors totalling 2,228.45sqm.

The property is located between Nelson and Richmond overlooking large indoor and outdoor sports facilities making it an ideal location for sports teams to stay.

The property was first introduced to the market through Bayleys Hotel Tourism & Leisure portfolio earlier this year, there was strong interest both locally and nationally.

The property is one of the few properties where the property and business is owned by the same entity.

Saxton Lodge - Investment sale details

• Land area 5,834 sqm (one title)
• 48 generous rooms plus 3 bed managers apartment
• 98 car parks on site
• Large strip of undeveloped land
• Located between Nelson & Richmond, close proximity to Nelson Airport

For more information on the sale contact agents Gill Ireland and Wayne Keene via the contact form below.

Related Reading:

Baycrest Thermal Lodge Lake Taupo sold - Bayleys Real Estate

Hotel DeBrett business in Auckland CBD sold through Bayleys Real Estate

Waterfront Great Barrier Island lodge sold by Bayleys Real Estate