Whanganui, North Island

Centrally Located Great Entry Level Opportunity

Business Lease $595,000

Business Description

This is a great opportunity to purchase an entry level motel business.

Centrally located, this motel offers value for money accommodation for business travellers, sports teams, family holiday makers and hospital visitors.

There are six one-bedroom fully self-contained apartment style units and six studio units. All 12 units are spacious and present well. Three units have heat pumps with the balance all with heaters.

Owners' residence has two large bedrooms, open plan living and a private back yard.

There is a guest laundry and a motel laundry.

Whanganui is well documented in the history of New Zealand. It is scenically spectacular with a major river and coastline as well as being the hub for national and international sporting events. The city boasts more sports facilities per head than any other region and proudly hosts the Masters Games.

This Motel is in a great location and has showing a steady occupancy and turnover is good. An affordable opportunity not to be missed.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.

We would welcome your enquiry on the Business Lease of this Motel for sale in Whanganui via our website or by phoning PETER MCGRATH on ---------- , DDI ---------- or ---------- .

Business Summary

Key Investment Insights

1. Affordable entry level opportunity in the motel business
2. Centrally located in Whanganui, a popular tourist destination
3. Offers value for money accommodation for various types of travelers
4. Consists of 6 fully self-contained apartment style units and 6 studio units
5. All units are spacious and well-maintained
6. Three units have heat pumps, while the rest have heaters
7. Includes a two-bedroom owners' residence with a private backyard
8. Guest laundry and motel laundry facilities available
9. Whanganui is known for its scenic beauty and hosts national and international sporting events
10. Steady occupancy and good turnover
11. Confidential details can be disclosed upon completion of a confidentiality agreement
12. Information memorandum available on the website
13. Enquiries can be made through the website or by contacting Peter McGrath on the provided phone numbers.
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