New Plymouth, North Island
24 Unit Motel – Consistent Performer
Business Lease $790,000
Business Description
Four-star self-contained motel accommodation equipped for business and holiday travellers. Situated for easy access to New Plymouth amenities and attractions.
The Northgate Motor Lodge has 24 premium studio units with full kitchens and ensuite bathrooms.
The motel complex was built in 1982 and has been renovated and upgraded on a regular basis since. All rooms are double glazed. The motel has an impressive Google rating of 4.5 star.
The motel occupancy and turnover have been consistently strong over the last 3 year.
The residence has 3-bedrooms with a private deck and lawn area. Reception is attached to the house for easy access.
New Plymouth is your doorway into the wonderful region of Taranaki. Taranaki is an area that offers adventure and fun. From the iconic mountain that dominates the landscape to the wild and rugged black sand beaches. The local economy is characterised by a strong export base, with dairy, oil and gas.
An Information Memorandum is available to download from our website coffeys.co.nz.
Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum.
We would welcome your enquiry on the Business Lease of this Motel for sale in New Plymouth direct to DAMON MACKENZIE: ---------- or ---------- or ---------- .
Business Summary
Key Investment Insights
1. 24-unit four-star motor lodge, positioned as premium self-contained accommodation with full kitchens and ensuite bathrooms.
2. Consistent strong occupancy and turnover over the past three years, indicating reliable cashflow.
3. High online reputation, boasting an impressive 4.5 star Google rating, supporting repeat and referral business.
4. Regularly renovated property since original construction in 1982, signalling ongoing capital upkeep.
5. All rooms are double glazed, enhancing guest comfort through noise reduction and thermal efficiency.
6. Self-contained studio units suitable for both business and holiday travellers, supporting mixed market demand and longer stays.
7. On-site 3-bedroom residence with private deck and lawn, with reception attached for convenient owner-operator access.
8. Located for easy access to New Plymouth amenities and regional attractions, enhancing leisure market appeal.
9. Situated in the Taranaki region, which offers strong tourism drivers plus a robust local economy underpinned by dairy, oil and gas exports.
10. Sale structure via business lease, with an Information Memorandum available and certain details released only after a confidentiality agreement, indicating a formal sale process.
