Top Location Central City Motel Priced to Sell

Centrally located 2 mins drive to the CBD is 299 On Devon West Motel, a beautiful italian inspired building, complete with individual balconies and landscaped garden.

15 Well presented units consisting of:
10 Studios
1 Twin Unit
4 Family Units
Well maintained.
Nice outdoor seasonal pool and Garden area for Guests.
Fully Fenced front yard
Back yard with new canopy
Sky Tv 50plus channels
Brand new upgraded Wifi
CCTV
The motel has just been completely replumbed.
New refurbished reception area incl new carpet.
Good parking area at back of motel.

Very practical, easy business to run.
Experienced cleaning staff.
All assistance and training given.
Good profitable business, can be run by owners
or managers. Currently run by a family.
CONSISTENT INCOME 12MONTHS OF THE YEAR
High rate of repeat guests. Can accommodate up to 71 guests.

Very good lease, able to be extended and reasonable rent.

The turnover and occupancy has increased significantly in the last 3 years.

1 brm Ground floor Manager's Apartment with large lounge, with an added bonus 2 brm upstairs self contained apartment, with 2 ensuites, fully furnished. Own entranceway. Own carpark. Could be used as part of the motel block when busy, tenanted out/sublet (Estimated rental $600-700pw) or used as part of the Manager's Accommodation for family and friends.

Great reviews on Trip Advisor and Google Reviews.
More photos on our website
www.the299motel.co.nz

Priced to sell. $399k ono.
Some Vendor Finance available to approved purchasers

Serious buyers only. Vendors of 6 years are on the move, so make an offer!

Inspection welcome by arrangement.

For any enquiries or to arrange a viewing email us on
info@the299motel.co.nz