Palm Court Motel, Otorohanga
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Contact Agent(s)
Property Name: Palm Court Motel
Address: 182 Maniapoto Street, State Highway 3, Otorohanga
Property Type: Motel
Sale Type: Business
Price: $495,000
Region: Waikato
Configuration
This property consists of 7 studio units, 4 one bedroom units and 1 two bedroom unit. Some units have double spa baths.
Two units have wheelchair access.
Owners Accommodation
This is a spacious well appointed 3 bedroom residence with upstairs bedrooms, open plan and modern kitchen downstairs.
Features
The motel occupies a prominent high traffic corner site and is Otorohanga's newest motel.
The well appointed units face onto a central courtyard.
This is the launch place for Waitomo tourist activities and is only a few minutes to the Kiwi House and approximately 10 minutes to Waitomo Caves.
The motel has sky TV, WiFi for guests and enjoys excellent occupancy.
Lease Details
30 year lease from 2006.
Financials
Financial information is available after discussion with the broker.
For more details about this opportunity, please contact Lindsay Sandes on 021 895 940, lindsay@resortbrokers.co.nz
Downloads
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Confidentiality Agreement New Palm Court.pdf (144.86 KB) |
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Palm Court Occupancy 06-07.pdf (518.70 KB) |
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Palm Court Lease.pdf (85.88 KB) |
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Palm Court 06-07 P&L.pdf (1.68 MB) |
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Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.