Hawera Central Motor Lodge, Taranaki

Property Name: Hawera Central Motor Lodge
Address: 53 Princess Street, Hawera
Property Type: Motel
Sale Type: Business
Price: $780,000
Region: Taranaki

Vendor instructs present all offers!

Agent Recommendation - The newest motel in Hawera, located near the centre of town. Taranaki occupancies out-perform other regions and the lengthy reservations indicate continuity of sales going forward. This investment would suit a couple who seek a new motel with consistent occupancy and lengthy lease tenure.

Features

Hawera Central has been thoughtfully planned, occupying a compact site with all units overlooking a courtyard with car parking outside the ground level units.  A generous foyer with office located off this, provides security of views to all incoming and outgoing guests and vehicles.

The units are fitted to a high standard with air-conditioning throughout, and heated mirrors in the bathrooms. Guest workstations and high speed wireless internet in all units appeal to corporate clients.

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

Age

Opened May 2008.

Configuration

Positioned over 2 levels, the motel offers 18 units comprising 14 studios (2 x access units) and 4 one bedroom units. Commercial washing machines and dryers are located in a large storage, linen / preparation room, client laundry located on the ground level.

Owner's Accommodation

On the ground floor a large modern open-plan kitchen overlooks the complex, backing on to a lounge / dining room. Upstairs there are two bedrooms, separate toilet and bathroom. A double garage compliments the owner's accommodation.

Lease

30 years from May 2008
 

Financials

A quality property with consistent sales. Financials will be made available to qualified purchasers.
 

Inspection

Highly recommended! Make certain you allow time to inspect this dynamic property.
 

Contact

For more information please contact the vendors agent Lindsay Sandes 021 895 940 lindsay@resortbrokers.co.nz


www.haweracentralmotorlodge.co.nz

Downloads

Confidentiality Agreement New Hawera.pdf (144.86 KB)

Lease.pdf (2.61 MB)

Financials May 08 - Mar 09.pdf (120.66 KB)

Transaction Report 200508 - 310110.pdf (65.39 KB)

Transaction Report 010409 - 280210.pdf (49.52 KB)

Transaction Report Feb 10.pdf (44.21 KB)

Rates.pdf (73.84 KB)

Plans.pdf (186.42 KB)

Occupancy 200508 - 310110.pdf (40.15 KB)

Motel Summary.pdf (61.91 KB)

GST Returns May 08 - Jan 10.pdf (209.40 KB)

Chattels List.pdf (362.41 KB)

View Larger Map | Please note, the location shown may not be exact