Brand new 30 year lease
Don't miss out! Located in the business hub of the north, Whangarei, this is an exceptional opportunity to secure a profitable motel business with an enticing brand new lease and strong occupancy rates.
The motel is centrally situated in Whangarei within walking distance to Kensington Stadium sports complex, Kensington Hospital and conveniently sits adjacent to Kensington village shops which hosts a range of restaurants, cafes, a supermarket and pharmacy plus many more.
The ground floor well-built property occupies 1,872sqm (more or less) housing 13 units in total with a range of configurations from studios to spacious self-contained 2-bedroom apartments. The current owners of the property have spent money in all the right places keeping the property in great shape. The motel is well established with a loyal corporate clientele base as well as the leisure traveler.
The well placed 3 bedroom owners residence is convenient as it adjoins to the reception.
Whangarei has always been a strong market catering for both the corporate industry and the free independent traveler (FIT).
The business is strong and reflects a finely tuned operation delivering a positive revenue and boasting consistent occupancy rates backed with a new long term lease established on favorable terms.
This is the ideal opportunity for first time moteliers looking at entering the industry, this definitely won't last contact us for further detail if interested.
The business is for sale with an Asking Price of $595,000 plus GST (if any).