High Profit Motel in the North Island

This motel, located within the rapidly expanding catchment area of the North Island, holds significant recognition and popularity within the local community. Spanning across a freehold land area of more than 8,500m2 with a floor area of 3,900m2, the property includes the manager's accommodation featuring four bedrooms and two bathrooms. Notable amenities encompass a spacious commercial kitchen, a dining area with a separate bar and lounge, a conference room, as well as a reception and office space.

Comprising 80 well-equipped studio units, this motel is in excellent condition. According to the owner, the current weekly sales stand at $14,500 with an occupancy rate of 55%, a figure anticipated to rise significantly during the summer season. The annual rent amounts to $170,000 + GST.

This well-presented motel would be an ideal match for a working couple, aided by two part-time staff members responsible for cleaning and maintenance tasks. There is substantial potential to increase sales through the use of online advertising and promoting the business in tourism guides.

The current owner has other plans and will consider any reasonable offer.

Price $990,000 + GST (business only)

Price $3,950,000 + GST (land, building, and business)

Contact Wella Wang - 021 885 158.

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Agency reference #: 34399