Top Location Central City Motel Priced to Sell

Owners of 6 1/2 years are offering this centrally located motel for sale, 2 mins drive to the CBD.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 business to run.
Experienced cleaning staff.
All assistance and training given.
Good profitable business
CONSISTENT INCOME 12MONTHS OF THE YEAR
High rate of repeat guests.
Good business to run as a family group.

Very good lease. Landlord is happy to extend the lease beyond 20 years.


The turnover and occupancy has increased significantly in the last 3 years.
Profit and Loss Statements available up to 31/3/26

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,
Booking.com and Expedia.
More photos on our website
www.the299motel.co.nz

PRICE REDUCED FROM $399K TO OFFERS OVER $350K
Genuine reason for selling. Will look at all reasonable offers.