One of the Best Performing Motels Anywhere, WhangamataListing: #HC00117
About this Business for sale in Thames-CoromandelOne of the Best Performing Motels Anywhere, Whangamata
Breakers Motel is a highly desirable business with a mouth-watering income and a hugely attractive 26 years plus a 15 year ROR on the lease - unbeatable! The strong financial performance reflects consistent tariffs and a high share of the year round corporate market.
This top quality complex, offers 22 very spacious rooms, set on beautifully manicured and fully paved grounds, adjacent to the marina area. A variety of accommodation options include, 1 and 2 bedrooms, studios, accessibility units, executive and honeymoon suites. Set over 2 floors, every unit has either a balcony with ocean views, or individual patio areas, overlooking a fabulous wave-shaped pool with waterfall and BBQ area. The owner’s home is one of the largest around, with 3 bedrooms, 3 bathrooms and 2 living areas. The complex is serviced by a large commercial kitchen.
The two storey block construction is also built in a ‘wave’ shape – a theme that is reflected throughout with the pool, reception, balconies etc. The owners have maintained the complex to the highest standard throughout the years, making quite significant ongoing investment to ensure quality accommodation. The amazing, elongated pool is simply huge and features a waterfall and large BBQ area – with an overhead access walkway from the balcony of the top units.
Breakers Motel sits adjacent to the Marina area just a few minutes walk to the fabulous Whangamata beach voted in 2018 by New Zealanders as The Best Beach in New Zealand!
- Very strong financial performer
- Regarded as the highest quality and largest Motel in Whangamata
- 26 years remain on existing lease, with further impressive ROR
- Perfectly situated on main access road from Thames/Auckland
- Maintained to a very high standard with high class fittings and fixtures
- Population more than trebles over the holiday period
- Famous Beach Hop swells population to 65,000 visitors!
- Low maintenance construction, permanent materials
- High quality 3 bedroom owners’ accommodation
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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.