Tauranga, North Island
Tauranga CBD Executive Lease - 19 Units
Business Lease Price by Negotiation
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 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 suitable for owner-operators.
2. Positioned a short drive from Mount Maunganui, enhancing leisure demand and guest appeal.
3. Reported impressive financial performance, indicating strong revenue generation for the asset.
4. Significant repeat business from local domestic guests and typically international markets, supporting occupancy resilience.
5. Situated in Tauranga, New Zealand's fastest growing city, in the high-demand Bay of Plenty region with upside from population and tourism growth.
6. Includes two conference rooms, providing diversified revenue streams from meetings and small events.
7. On-site swimming pool adds amenity appeal for leisure and family markets.
8. Rigorous refurbishment schedule in place, supporting guest comfort and property standards.
9. Exterior repainted in July 2023, indicating recent capital investment and fresh curb appeal.
10. Comes with a well-presented three-bedroom owners' residence, facilitating onsite management and reducing staffing complexity.
11. Vendor is retiring and motivated to sell, potentially enabling a timely ownership transition.
12. Sale process includes an Information Memorandum and confidentiality provisions, signalling organised due diligence materials for qualified buyers.
