Close
map here
All Regions
All Regions
Bay of Plenty
All Districts
All Suburbs
All
Sale
Lease
Property Type
All Property Types
Property Type 1
Property Type 2
Property Type 3
Price Min
Price Min
$0
$25,000
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1M
$1.2M
$1.4M
$1.6M
$1.8M
$2M
$2.5M
$3.5M
$5M
$7.5M
$10M
Price Max
Price Max
$0
$25,000
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1M
$1.2M
$1.4M
$1.6M
$1.8M
$2M
$2.5M
$3.5M
$5M
$7.5M
$10M
$10M +
Bed
Bed
1 Bed
2 Beds
3 Beds
4 Beds
5 Beds
6 Beds
Bath
Bath
1 Bath
2 Baths
3 Baths
4 Baths
5 Baths
6 Baths
Car
Car
1 Car
2 Cars
3 Cars
4 Cars
5 Cars
6 Cars
Floor M² Min
Floor M² Min
0m²
50m²
100m²
150m²
200m²
250m²
300m²
350m²
400m²
500m²
750m²
1,000m²
2,000m²
5,000m²
7,500m²
10,000m²
Floor M² Max
Floor M² Max
0m²
50m²
100m²
150m²
200m²
250m²
300m²
350m²
400m²
500m²
750m²
1,000m²
2,000m²
5,000m²
7,500m²
10,000m²
10,000m² +
Land Min
Land Min
0m²
100m²
200m²
300m²
500m²
750m²
1,000m²
2,000m²
5,000m²
Land Max
Land Max
0m²
100m²
200m²
300m²
500m²
750m²
1,000m²
2,000m²
5,000m²
5,000m² +
Price Method
Price Method
Auctions
Tenders
Open Homes
MAP VIEW CLOSE MAP
REFRESH MAP
ADVANCE
SEARCH
Save Search
Save as Alert
Clear Search
ENTRY SEARCH
  • Tauranga Central
  • Tauranga Central
  • Tauranga Central
  • Tauranga Central
  • Tauranga Central
  • Tauranga Central
  • Tauranga Central
  • Tauranga Central
  • Tauranga Central
  • Tauranga Central
  • Tauranga Central
    • Tauranga Central
    • Tauranga Central
    • Tauranga Central
    • Tauranga Central
    • Tauranga Central
    • Tauranga Central
    • Tauranga Central
    • Tauranga Central
    • Tauranga Central
    • Tauranga Central
    • Tauranga Central
    • Tauranga Central
    • Tauranga Central
Tauranga Central, Tauranga

MOTEL LEASE - TAURANGA - EXTRA LONG LEASE

LISTING ID: TGC10466

Tauranga Central, Tauranga

$1,600,000 + GST (if any)

Property Details

Be part of the booming Hospitality / Accommodation Industry and enjoy a fantastic lifestyle while getting an INCREDIBLE return. This Motel is now offered on the market. It is the second largest complex in the area and may be the most successful one.
It comes with a 26 years lease in one block expiring at the end of November 2045.

It comprises 25 units with a selection of studios, 1 BR and 2 BR and a Conference Room.

The current lessee has spent a lot of money in the last 2 years to upgrade the complex.
New heat pump in every unit, new vanities, all new beds, fridges, etc....The list is long...
It offers a new spa pool and a revamped swimming pool (with the added bonus of a heat pump as well) and plenty of space.

A few minutes drive to the Beach, the City Centre and other amenities this Motel is just at the right location and is a great destination for families, corporate clientele and holidaymakers.

Currently operated and managed by one part-time solo owner ( administration role mostly ) and a full time on site manager it would ideally suit one or even 2 couples or could be easily operated under full management. A business of this size offers many options to a potential buyer.

The managers' residence is a comfortable and well appointed 3 bedroom apartment above the reception area.

Asking price : $1,600,000 + GST if any.

CONFIDENTIALITY REQUIRED

If you would like to view this property or discuss similar listings in this area I have available, please contact me for further information.
Yves Collin Email Yves Collin
Yves Collin
Business Broker
p:
07 578 8887
h:
07 576 8416
m:
021 663 388
Child Cancer Foundation