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 motel with premium studio units, each featuring full kitchens and ensuite bathrooms.
2. Consistently strong occupancy and turnover over the past three years, indicating stable trading performance.
3. High online reputation, with an impressive 4.5-star Google rating.
4. Built in 1982 with regular renovations and upgrades, suggesting ongoing capital investment and maintained asset condition.
5. All rooms are double glazed, improving guest comfort and energy efficiency.
6. Includes a separate three-bedroom residence with private deck and lawn, reception attached to the house for convenient on-site management.
7. Self-contained accommodation model suited to both business and holiday travellers, widening market appeal.
8. Strategic location in New Plymouth, providing easy access to local amenities and regional attractions in Taranaki.
9. Regionally attractive market fundamentals, with a strong local economy driven by dairy, oil and gas, and tourism assets like Mount Taranaki and black sand beaches.
10. Sale offered as a business lease, with an Information Memorandum available and additional details released upon signing a confidentiality agreement.
