Airport Motor Lodge, Wellington

Property Name: Airport Motor Lodge
Address: Cnr Broadway & Hobart Streets, Miramar, Wellington
Property Type: Motel
Sale Type: Business
Price: Price on Application
Region: Wellington

Configuration

18 studio units of varied bedding configuration with all offering air conditioning, sound proofing, tea & coffee facilities, security card access, mini/snack bars and data ports.

Outstanding large, bright and welcoming guest reception area and support systems with direct access from the owner accommodation.

Well equipped laundry and breakfast preparation area.

Security card controlled after hour access.

Lift access to the 2nd floor.

Corner street locality offering excellent street visibility.

Owners Accommodation

Modern and comfortable offering open plan living and dining.

2 bedrooms, separate bathroom and sufficient room for some of those cherished belongings.

Features

Perfectly configured to meet the demands of a vibrant Wellington market it is a pleasure to present for sale the lease of this modern 18 unit facility.

Built with locality in mind guests are assured of a comfortable stay.

From the tinted hush glass, double cavity interior framing and extensive use of sound proofing this quality built Motor Lodge is an exception to the norm.

Attention to detail is also clearly apparent within the units with each benefiting from an extensive and quality chattel fit out.

Definitely a unique Wellington complex that has been developed with the business owners interests in forefront of mind.

In combination these attributes provide an opportunity for each and every new guest to become long term repeat business for the Motor Lodge.

Checkout time is truly a pleasure with the overall product the Motor Lodge has on offer.

Recent growth in the Wellington market has seen increased demand for a wide range of accommodation requirements covering the corporate, tourism, event and escape segments.

The vibrant accommodation sector seems destined to continue unabated with current Tourism Research projections indicating sustained and healthy growth in the region. Absolutely Positively Wellington.

With an already substantial bottom line profit the new owners of Airport Motor Lodge can take comfort that upside potential still exists.

A better balance of locality, complex standard and current financial performance will be very difficult to find.

Coupled with a very realistic asking price immediate viewing is highly recommended for Purchasers who desire: 

* A Quality Complex & Chattel Fit Out

* Prime Wellington Locality

* Proven Financial Performance

* Lengthy Lease Duration and a Modern Facility.

The properties web site can be accessed from the subsequent link: http://www.airportmotorlodge.co.nz

Lease Details

Commencement Date – July 2003
Final Expiry Date – 30 years from commencement

Financials

Financial and supporting information can be accessed from the download links.

Please note that files containing business sensitive information are password protected.

Contact

For further information, please contact Brent Hannah on 021 359 678, brent@resortbrokers.co.nz

Downloads

Confidentiality Agreement New Airport.pdf (144.88 KB)

Airport Motor Lodge GST Bankings.pdf (266.86 KB)

Airport Motor Lodge Financials.pdf (547.67 KB)

Airport Motor Lodge Draft Chattels List.pdf (1.13 MB)

2007 Occupancy Analysis vs Wellington RTO.pdf (35.75 KB)

2006 Occupancy Analysis vs Wellington RTO.pdf (100.70 KB)

Airport Lease Fully Executed.pdf (1.29 MB)

Wellington RTO Tourism Forecast.pdf (340.59 KB)

Airport 2008 Financials.pdf (352.57 KB)