Whanganui Motel Business For Sale - BK's Magnolia Motor Lodge

PRICE SLASHED TO $750,000, THIS MONTH (AUGUST) ONLY

Seldom available is a motel business of BK's Magnolia Motor Lodge calibre with a long lease. The motel was refurbished in 2020 and at the same time, the vendor secured a new 30-year lease.

BK's Magnolia Motor Lodge underwent a complete makeover before the vendor began operation. The motel was tastefully modernised with contemporary décor and a host of new chattels and fixtures.

The BK’s brand is well-recognised in New Zealand for its quality and comfort. All BK’s are rated 4 stars plus.

Whether clients are staying to enjoy a holiday break in Whanganui, making an important business trip or visiting friends and relatives, BK’s Magnolia Motor Lodge will always feel like a home away from home.

Lease Term: To 30 November 2050

Motel consists of 16 units:
~ 11 x Studio units
~ 5 x One-bedroom units

Other motel facility:
~ Motel kitchen

Owner’s Accommodation:
The owner’s accommodation consists of 3 double bedrooms, a master bedroom with en-suite and a large open-plan living area that opens out to a private courtyard.

For more information, contact Arthur Fong on 021 941 240 or arthur@justmotelsales.co.nz

https://justmotelsales.co.nz/motels-for-sales/motels-freehold
-going-concern/property/222-bk-s-magnolia-motor-lodge-whangan
ui

Just Motel Sales (REAA 2008)

Agency reference #: 1277