New Plymouth, North Island
24 Unit Consistent Performer - Priced to Sell
Business Lease Now $650,000 Was $790,000
Business Description
April 2026 price updated to $650,000 was $790,000.
4-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 via this website or direct to DAMON MACKENZIE.
Business Summary
Key Investment Insights
1. Price reduced to NZ$650,000 from NZ$790,000, signalling an aggressive pricing adjustment to sell.
2. 24 premium studio units, all self-contained with full kitchens and ensuite bathrooms, supporting both business and holiday travellers.
3. 4-star motel classification, positioned to attract mid‑to‑upper market guests.
4. Consistently strong occupancy and turnover over the past three years, indicating stable trading performance.
5. Built in 1982 with regular renovations and upgrades, suggesting ongoing capital maintenance and refreshed asset condition.
6. All rooms are double glazed, improving guest comfort and energy efficiency.
7. High online reputation with a Google rating of 4.5 stars, supporting demand and marketing credibility.
8. Onsite 3‑bedroom residence attached to reception with private deck and lawn, enabling owner/operator accommodation and easy onsite management.
9. Convenient location with easy access to New Plymouth amenities and Taranaki tourist attractions, enhancing seasonal and leisure demand.
10. Local economy underpinned by strong export sectors including dairy, oil and gas, providing potential corporate travel and demand diversification.
11. Information Memorandum available from the broker, with additional details released subject to a confidentiality agreement.
12. Vendor open to enquiries regarding a business lease sale, offering flexibility in acquisition structure.
