FREEHOLD Motel, Mount Maunganui
About this business for sale in TaurangaFREEHOLD Motel, Mount Maunganui
Seldom, if ever do we see a FREEHOLD motel in this region come to the market. The Bay Palm Motel will be a very attractive proposition for any investor as it is located in the heart of one of New Zealand’s tourism hotspots and the population growth and infrastructure development in Tauranga is phenomenal.
There are a number of options for the freehold owner of this motel:
- Purchase & enjoy what is a very solid & secure investment
- Keep options open for future development opportunity
The Bay Palm Motel is located on Girven Road in Mount Maunganui. There is liquid gold in both directions of the motel - turn right, walk up the road 150 metres and you will find the white sand beaches of the Mount. Turn left and you have the largest shopping mall in the region, the ASB Stadium and the Baywave swimming complex.
- Built in late 1990’s (1999)
- Total Land area of 2069 Square Metres, set on two Titles of 943 m2 & 1126 m2
- Large Prime corner site in huge growth area
- Existing tenant in place (25-year term)
- 16 Unit motel Units
- Conference centre
- Swimming Pool
- Large 3 bedroom / 2 bathroom owner's home
All motel rooms are sizeable, and have an assortment of kitchen/cooking facilities. There are 16 units in total consisting of the following configuration:
9 x one bedroom units
4 x two bedroom units
3 x studio units
Set on 2 levels the owners’ accommodation offers 3 large bedrooms (opening to a spacious, roof-top deck), 2 x bathrooms and open plan kitchen/ living/ dining with French doors to a large, wrap-around patio. Reception is conveniently adjoining the living area.
Call us now to arrange an inspection.
+64 9 555 6055
+64 22 156 9330
*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.