Antonio Mews Motel, Stratford

Property Name: Antonio Mews
Address: 424 Broadway South, Stratford
Property Type: Motel
Sale Type: Business
Price: $670,000
Region: Taranaki

Freehold Going Concern also for Sale - Call Lindsay for details

Configuration 

14 superior units comprising of 2x 1 bedroom access units, 2x 1 bedroom units with spa baths, 2 x 2 bedroom units with spa baths and 8 studio units.

A number of units have full cooking facilities and cater well for the long term contractors visiting this region.

Owner's accommodation 

Ground floor open plan modern kitchen and dining room with a wood burner fire. As well, upstairs there is a large rumpus / living room with kitchenette and three generous bedrooms with master ensuite, separate toilet and bathroom. 

There are ample cleaners storage cupboards, and laundry area.

Features

Antonio Mews Motel is located in Central Taranaki, 5 minutes walk to CBD Stratford where its excellent range of clubs, restaurants and cafes offer superb dining and entertainment.

Antonio Mews Motel sets the accommodation standard in Stratford offering a range of units to cover individual and family needs. All ground floor units allow parking at the door and are within walking distance of restaurants and cafes.

Antonio Mews is approximately 30 minutes south of New Plymouth on State Highway 3. The location makes it a comfortable drive to surrounding areas - approximately a 20 minute drive to Hawera, Mania and Opunaki. Stratford is the gateway to Egmont National Park and Mount Taranaki. The snow-capped mountain dominates the landscape, and waterfalls and streams cascade down the mountain into the Patea River, which winds through the town centre of Stratford.

The town is also home to Taranaki's Pioneer Village - a tourist attraction that recreates the pioneering days of the early 1900s. Stratford is memorable for its clock tower, New Zealand's only glockenspeil.

Taranaki is vibrant and has consistent high occupancies despite other regions showing a softness in the market. Oil and gas exploration, dairy, engineering, port activities keep this region vibrant and dynamic.

Lease             

25 years from the date of commencement with a new lessee.

Financials       

A quality property with exceptional results.

Financials will be made available to qualified purchasers. 

Approximate yield      

24%.

Inspection and confidential information will be made available to qualified purchasers.

Contact

For more information please contact the vendor's agents Lindsay Sandes 021 895 940 lindsay@resortbrokers.co.nz or Brent Hannah 021 359 678 brent@resortbrokers.co.nz 

Also view at www.antoniomews.co.nz

Downloads

Confidentiality Agreement New Antonio.pdf (144.84 KB)

Antonio Projected Accounts YE 31-03-10.pdf (181.05 KB)

Antonio Accounts YE 31-03-09.pdf (176.68 KB)

Antonio Mews Lease Doc 23-06-09.pdf (3.39 MB)

Antonio Invoice Summary 08 09.pdf (11.03 KB)