Tauranga, North Island
Tauranga CBD Executive Lease - 19 Units
Business Lease $1,025,000 Was $1,150,000
Business Description
Seldom do successful motels located in the vibrant & very sought after area of Tauranga become available. This 19 unit beautifully presented property near the CBD of Tauranga, presents an excellent opportunity for an experienced or aspiring operator to secure one of the area's finest.
Just a short drive to Mount Maunganui, it comes as no surprise that the motel boasts impressive financial data, and significant repeat business from both the local domestic and usually international markets.
As New Zealand's fastest growing city, demand in the Bay of Plenty region is constantly rising, and this motel is poised to capture any increase. The motel has the added benefit of two conference rooms, the luxury of a swimming pool and a rigorous refurbishment schedule which ensures the comfort of all guests. The exterior was painted in July 2023 and ensures it is presented beautifully.
Add to that a generous & well-presented 3-bedroom owners' residence and you have a motel that will appeal to a wide range of buyers.
With retirement calling the vendor is ready to pass the torch to another lucky motelier.
Don't miss this opportunity, contact me now.
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 Tauranga via this website or direct to CHRIS D'ANVERS.
Business Summary
Key Investment Insights
1. 19-unit motel located near Tauranga CBD, offering a compact portfolio size that is easier to manage and scale.
2. Short drive to Mount Maunganui, enhancing appeal to beach and leisure travellers.
3. Reported impressive financial data, indicating strong revenue performance.
4. Significant repeat business from domestic guests and typically international markets, supporting stable occupancy.
5. Situated in the Bay of Plenty, New Zealand’s fastest growing city, positioned to capture rising regional demand.
6. Two conference rooms provide diversified revenue streams from corporate and group bookings.
7. On-site swimming pool adds a leisure amenity that enhances guest appeal and ADR potential.
8. Rigorous refurbishment schedule and exterior painted in July 2023, reflecting proactive capital maintenance and good presentation.
9. Generous, well-presented 3-bedroom owners’ residence included, supporting owner-operator models and onsite management.
10. Vendor retiring and ready to pass the business on, potentially enabling a smooth handover; some listing details are confidential and require a confidentiality agreement to access the Information Memorandum.
