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*** SOLD ***

Money Making Machine in Mount Maunganui

POABay of PlentyListing: #EL01096

About this business for sale in Bay of Plenty

Money Making Machine in Mount Maunganui

The Bay Palm Motel boasts an absolutely prime location, servicing both Mount Maunganui and the rapidly developing Papamoa Beach area.   It is the closest motel to the Bay Park Raceway and ASB Arena. It is just a 5 minute walk to the vibrant Bayfair Mall and a 3 minute walk to the beach and Baywave Aquatic Centre

Bay Palm offers 16 units consisting of the following configuration:

3 x studio units

9 x 1 bedroom units

4 x 2 bedroom units

Attractive 25 Year Lease

The units are spacious, and some have sliding doors to a back lawn area. They come with a variety of either kitchens/kitchenettes or tea-making facilities.  The existing owners have consistently invested money back into the business so the motel is very well presented, with good quality chattels. The standard of the motel meets that of a 4- star rating.

The grounds are fully paved for minimal maintenance and feature a heated in-ground swimming pool. Just recently re-fibre glassed, this is a very popular family feature.

The Conference centre:

The centre is located on the second floor and can cater for up to 40 guests. It is serviced by a kitchen and bathroom facilities.

Owner’s accommodation
Set on 2 levels, the owners’ accommodation offers 3 large bedrooms (opening to a spacious, roof-top deck) and 2 bathrooms. There is an open plan kitchen/ living/ dining area, with french doors that open out to a large wrap-around patio. The motel reception is conveniently adjoining the living area.

Reference: EL01096

Hawkes Bay & Central Plateau
+64 6 833 6636
+64 22 156 9330

Gordon Fridge

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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.