Whanganui, North Island
Price Updated to Meet the Market – Act Now!
Business Lease $470,000 Offers Over
Business Description
Entry Level Motel – Home & Income Opportunity.
An excellent opportunity to purchase an affordable entry level motel and enjoy a true home and income lifestyle.
Centrally located, this well-presented motel provides great value accommodation for business travellers, hospital visitors, sports teams, families, and holidaymakers. Positioned close to Whanganui Hospital and the city's industrial heart, it benefits from steady demand and good turnover.
The motel comprises 12 spacious units:
- Six one bedroom, fully self-contained units
- Six studio units
All units present well and are well equipped, with three featuring heat pumps and the balance heated for year-round comfort.
The owner's residence includes two large bedrooms, open plan living, and a private backyard, offering comfortable on-site living.
Guest facilities include both a guest laundry and a separate motel laundry.
Whanganui is a vibrant regional centre with a rich history, stunning river and coastal setting, major sporting events, and a thriving arts and cultural scene.
This is a well located, easy to manage motel showing consistent occupancy and performance. A genuine opportunity not to be missed.
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.
Offer Over $470,000 - for further information contact Damon Mackenzie.
Business Summary
Key Investment Insights
1. Price reduced to meet the market, asking Offer Over $470,000, signalling motivated vendor and potential value buy.
2. Entry‑level motel offering affordable purchase price and clear home and income proposition, enabling owner-operator residency.
3. On-site owner’s residence with two large bedrooms, open plan living and private backyard, supporting immediate owner occupation.
4. Twelve well-presented units, six one-bedroom fully self-contained units and six studio units, providing product mix for multiple guest types.
5. Three units fitted with heat pumps and remaining units heated, ensuring year-round guest comfort and reduced seasonal vacancy risk.
6. Centrally located close to Whanganui Hospital and the city’s industrial heart, driving steady demand from hospital visitors and business travellers.
7. Appeal to a broad market including business travellers, hospital visitors, sports teams, families and holidaymakers, supporting occupancy diversity.
8. Guest laundry plus a separate motel laundry, offering operational efficiency and reduced outsourcing costs.
9. Described as easy to manage with consistent occupancy and performance, suitable for an owner-operator or small management team.
10. Whanganui’s regional attributes, including river and coastal setting, major sporting events and active arts scene, underpin ongoing tourism and local demand.
11. Information Memorandum available for download, with additional confidential details accessible under a confidentiality agreement, facilitating due diligence.
