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

Marketing Agent

Damon Mackenzie

Coffeys

Key Investment Insights

AI generated. Confirm details with the seller.

1. Affordable entry level motel offered over $470,000, combining a business opportunity with comfortable onsite living.
2. Twelve spacious units comprise six self contained one bedroom units and six studios.
3. Centrally located near Whanganui Hospital and the city’s industrial heart, supporting varied accommodation demand.
4. Guest accommodation suits business travellers, hospital visitors, sports teams, families and holidaymakers.
5. Owner’s residence provides two large bedrooms, open plan living and a private backyard.
6. Separate guest and motel laundries support practical day to day operations.
7. Units are well presented and equipped, with heating provided throughout and heat pumps in three units.
8. Whanganui offers a regional setting with sporting events, arts, cultural attractions, river and coastal amenities.