Taranaki Motel Excellence



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Vendor instructs present all offers on this superb motel business!

Opened in 2008, this central motel has been thoughtfully planned on a compact site. All units overlook a courtyard with car parking outside the ground level units. A generous foyer and office welcome guests onsite as well as views over the complex.
The units are fitted to a high standard appealing to corporate and leisure clients.

Positioned over 2 levels, the motel offers 18 units comprising 14 studios (2 x access units) and 4 one bedroom units.

The owner's accommodation on the ground floor has a large, modern open-plan kitchen overlooking the complex, backing on to a lounge / dining room. Upstairs there are two bedrooms, separate toilet and bathroom. A double garage compliments the owner's accommodation.

The term of the lease continues through until October 2037. Financials will be made available to qualified purchasers

Taranaki is vibrant and has consistent occupancies servicing oil and gas exploration, dairy, engineering, port activities plus many other industries that assist toward keeping this region vibrant and dynamic.

Agent Recommendation - This investment would suit a couple who seek a new motel with lengthy lease tenure and excellent forward reservations.

Asking Price $550,000

Reference: EL00640
Ref: EL00640
Timestamp: 20190824064538

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