CARPE DIEM

Relaunching, so we are asked to present all offers!

With a price guide now at $950,000 and the vendor wanting all offers presented, the time is right to seize this opportunity. Turnover is now approaching pre-pandemic levels and the price guide substantially below market. This is your opportunity to achieve both a revenue increase and profitability while at the same time collecting a capital gain through your purchase.

The road is now clear to make your own mark, given previous issues with the landlord and the lessee are now resolved. This will allow rent to turnover percentage, while currently at the upper end of market (44%) to be brought more in line to 40% and perhaps less as turnover improves.

This 40 key hotel consists of studios, one-bedroom, and two-bedroom suites. Being positioned close to transport hubs, restaurants, retail and commercial along with entertainment and popular attractions, the location caters to all facets of the hospitality market. The property offers both lifestyle and a ready financial opportunity with Quest New Zealand to secure your presence in the hotel industry.

A highlight is the return of the corporates and events being held in New Plymouth which all point to strong forward bookings to underpin the projected turnover.

Quest is one of the leading proven franchise models in New Zealand offering strong support to new entrants with excellent systems and support processes.

Even if you have looked at this property before, it is now gaining market and financial strength, a rental level within the Quest model and improving bottom line with potential capital gain; now is your time to revisit.

Agency reference #: 4010242