Tauranga, North Island
Unlock a Thriving Accommodation Opportunity: Invest in Tauranga's Arty Apartments.
NZD $350,000
Business Description
These fresh and bright apartments provide the ultimate flexibility for travellers giving access to multiple business sectors - groups, families, individuals, backpackers. The self check in process provides easy care for the business owner, reducing your input and maximizing profits.
Convenient location: In the heart of the city, with FREE parking.
Affordable rates: Starting at $46 per night.
Flexible booking options: For individuals and groups.
Self-check-in: Just pay online and stay.
Self-serviced apartments: Arty Apartments are your home-away-from-home.
Secure and comfortable: Accommodation with modern amenities.
Total flexibility!....book-a-bed, book-a-room, book-an-apartment OR book-the-whole-LOT!
Arty Apartments Accommodation property features -
3 Apartments made up of one, 5 bedroom apartment and two, 2 bedroom apartments
Fully equipped shared kitchen, lounge, and dining area in each apartment
Laundry Facilities
Off-street parking
Fully refurbished - Sep 2024
Located at 356 Cameron Road, Tauranga
13 years left on the lease
Configuration Information -
Apartment 1: 5 - Bedroom Apartment (10 x people)
Bedroom 1: Twin Room, 2 x single beds (sleeps 2)
Bedroom 2: 1 x Double Bed (sleeps 2)
Bedroom 3: 1 x Double Bed (sleeps 2)
Bedroom 4: 1 x Double Bed (sleeps 2)
Bedroom 5: 1 x Twin Room, 2 x single beds (sleeps 2)
Apartment 2: 2 – Bedroom Apartment (4 x people)
Bedroom 1: Twin Room, 2 x single beds (sleeps 2)
Bedroom 2: Queen Room (sleeps 2)
Apartment 3: 2-bedroom Apartment (5 x people)
Bedroom 1: Twin Room, 1 x single bed, 1 x Double Bed (sleeps 3)
Bedroom 2: Queen Room (sleeps 2)
Tauranga, which translates to "place of rest or anchorage" in Māori, offers lots of activities to keep you occupied in addition to a stunning harbour and breathtaking vistas that make it an ideal spot to unwind and rejuvenate. With 140,000 residents, Tauranga is the biggest city in the Coastal Bay of Plenty. Because the vast metropolis is nearly entirely encircled by water, residents spend their days swimming, diving, fishing, and taking in the breathtaking vistas from practically every angle.
The owner has operated 2 accommodation businesses in Cameron and has just sold the backpacker business leaving the Arty Apartments for someone looking for a great opportunity in Tauranga. Both businesses were run successfully for 10 years and enjoyed good returns, but now the hard work has been done with one business sold and the refurbishment of all 3 Arty apartments, the vendor is ready to move on. Now that Tourists are well and truly back it is a great opportunity for someone to write the next chapter in Tauranga's backpacker,Airbnb and/or lodging scene.
Business Summary
Key Investment Insights
1. Opportunity to invest in a thriving accommodation business in Tauranga's Arty Apartments.
2. Flexibility in catering to various types of travelers - groups, families, individuals, backpackers.
3. Self check-in process reduces owner's input and maximizes profits.
4. Convenient location in the heart of the city with free parking.
5. Affordable rates starting at $46 per night.
6. Flexible booking options for individuals and groups.
7. Self-serviced apartments with modern amenities.
8. Total flexibility in booking options - book-a-bed, book-a-room, book-an-apartment or book-the-whole-LOT.
9. Property features 3 fully equipped apartments with shared kitchen, lounge, and dining area.
10. Laundry facilities and off-street parking available.
11. Apartments fully refurbished in September 2024.
12. Located at 356 Cameron Road with 13 years left on the lease.
13. Configuration includes a 5-bedroom apartment, two 2-bedroom apartments, and a total capacity of 19 people.
14. Tauranga offers a range of activities and stunning views for tourists.
15. Owner has successfully operated 2 accommodation businesses in Cameron and recently sold one, leaving the Arty Apartments for the new owner.
16. Refurbishment of all 3 apartments has been completed, providing a turnkey opportunity.
17. With tourists returning, it is a great opportunity to capitalize on the growing backpacker, Airbnb, and lodging scene in Tauranga.
