Whanganui, North Island
Price Updated to Meet the Market – Act Now!
Business Lease $495,000
Business Description
This is a great opportunity to purchase an entry level motel business. Why not have a home and income?
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 is buzzing with creative energy. NZ Opera School, hot kiln studio, numerous galleries, theatres and music venues.
This motel is in a great location and is showing a steady occupancy and turnover is good. An affordable 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.
We would welcome your enquiry on the Business Lease of this Motel for sale in Whanganui via this website or direct to either DAMON MACKENZIE.
Business Summary
Key Investment Insights
1. Price recently reduced to meet the market, signalling potential value for buyers prepared to act quickly.
2. Entry-level motel offering an owner-operator opportunity with on-site two-bedroom residence, open plan living and private backyard.
3. Twelve spacious units, comprising six one-bedroom fully self-contained apartments and six studio units, enabling mixed guest profiles and flexible room allocation.
4. Diverse target markets identified, including business travellers, sports teams, families on holiday and hospital visitors, supporting year-round demand.
5. Property shows steady occupancy and good turnover, indicating established cashflow and market acceptance.
6. On-site guest laundry and separate motel laundry provide operational efficiencies and ancillary revenue potential.
7. Three units fitted with heat pumps, remainder with heaters, indicating partial recent upgrades and scope for further amenity improvements.
8. Central location in Whanganui enhances accessibility for events, hospitality and local attractions, boosting occupancy potential.
9. Whanganui’s positioning as a scenic destination with river, coastline and national/international sporting events supports seasonal and event-driven demand.
10. Cultural and creative attractions nearby, including NZ Opera School, galleries and theatres, add to appeal for leisure and longer-stay guests.
11. Confidentiality requirements and an available Information Memorandum indicate organised sale process and availability of further due diligence material.
12. Business offered via lease sale, providing potential lower entry cost compared with freehold acquisition.
