Listing #:1608299573

High Potential Seaside Motel

Location: 7 Bankart Street, Raglan, Waikato, Waikato
Property use: Hotel/Leis­ure
Floor area: 1,601m2
Land area: 2579m2
Rateable value (RV): $4,200,000
Price: Asking price $4,700,000
Raglan is a beautiful seaside town about 2 hours drive from Auckland or half a hour from Hamilton. Raglan Sunset Motel is the largest and most central motel in the township.
The Motel is sit on the modern designed buildings which was built in 2002 and had been recently renovated around one and half a years ago which keeps the Motel in the highest standard.
There are 24 units offering a range of accommodation inclusive 23 studios/family studios and a 2-bedroom self contained apartment. 7 units are facilitated with kitchenettes and the balance are hotel style studios. All units have flat screen TVs, bathrooms, Sky TV and WIFI. There is also a good size spa pool.
The modern well equipped conference room as well the central courtyard which can easily accommodate up to 90 clients from corporate functions and meetings to large weddings and parties, and this is complemented by a fully licensed bar and kitchen for catering.
A high return with solid occupancy rates and potential with Raglan's growing tourism popularity makes Raglan Sunset Motel an excellent investment property and business.
Do NOT miss this opportunity. Call Gary or Oscar for details and appointment of viewing.
Sold as a freehold going concern
PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as Propertysmarts or Auckland Council (LIM) documents. They have not been measured by the Salesperson or Rutherford Real Estate Limited. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.

Agency reference #: 160
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Asking price: $4,700,000
7 Bankart Street, Raglan, Waikato, Waikato
Asking price: $4,700,000
Listed: Sat 21 Apr, 12:09 pm
Gary Cham
First National Rutherford - Howick , Licensed Agent (REAA 2008)
  • Contact details
  •  (09) 5380105
  •  (021) 0393818

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Agent's details

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Gary Cham
Oscar Bi
First National Rutherford - Howick , Licensed Agent (REAA 2008)
(09) 5380105
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Expires: Sun 23 Dec, 12:19 pm
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