Listing #:1135449976

Brand new lease for sale- on SH1

MOTEL- halfway between Wellington and Auckland
Location: Rangitikei­, Manawatu / Wanganui
An easy maintenance good sized 14 air conditioned unit motel located right on SH1 by the foothill of Mt Stewart Reserve in the Gumboot capital of Taihape.

Last 12 months turnover was over $200K excluding GST and has more potential for growth if managed by owner operator.

Offers a good mix of units with two 1-bedroom units, 8 studio with full cooking facility and 4 with limited cooking facility. Great conditioned chattels including new bed spreads, drapes and the units are generally well appointed.

Offers 50+ Sky Guest select channels (only one in the township of Taihape). Has automated self check in Kiosk accepting credit cards allowing guests to check in 24/7 and as such the reception hours can be limited to suit operator lifystyle.

Amenities include spa, guest laundry and nice rural environment-a great plus for attracting overseas and local tourists. Close to Ruapehu ski field and attracts overnight travelers.

Easily manageable by one while the partner can work outside.

Price is for a 22 year lease and chattels and plus GST (If any).

Annual rent: $64,000 + Outgoings includes rates, insurance, utilities etc etc + 5% contributions to building repair & maintenance fund + GST

For right purchasers T&Cs are negotiable.

Freehold may be sold for right price. Almost 3 thousand sqm land at the foothill of Mt Stewart Reserve.
Asking price: $199,000 Or Near Offer
Listed: Wed 3 Aug, 1:40 pm
Member since Apr 2007


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  • 97.6% positive feedback
  • Member since Apr 2007
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Expires: Fri 4 Jan, 7:47 am
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