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Albert Number Six Motel

$2,350,000 plus GST if any

Freehold Going Concern Coromandel

ID: 1770

Albert Number Six Motel - Freehold Going Concern For Sale

Property Name:
Albert Number Six Motel
Address:
6 Albert Street, Whitianga
Property Type:
Motels
Sale Type:
Freehold Going Concern
Price:
$2,350,000 plus GST if any 
Region:
Coromandel
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Gordon McGregor

Gordon McGregor

Director, | Coromandel, BOP, Auckland CBD

M: +64 21 99 88 10

gordon[at]resortbrokers[dot]co[dot]nz

Reasons to buy

  • Just a stroll to the beach in one direction, and the shops, bars and restaurants in the other
  • Distinctive landmark property
  • Positioned in the 'ever-popular' budget end of the market with limited direct competition
  • In wonderful condition and suits a wide cross section of the market
  • Proven performance

Gordon McGregor

Director, | Coromandel, BOP, Auckland CBD

Contact Agent

Gordon McGregor

Mob: +64 21 99 88 10

Phone: +64 9 369 9700

Email: gordon[at]resortbrokers[dot]co[dot]nz

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This 16 unit motel stands out given the fact that it is two-story and has been painted a distinctive colour – really setting off the beach scene. This makes the property easily identifiable and therefore a landmark.

The front portions of the building relate to the operational areas of the motel including the reception, motel kitchen, laundry, storage, staff areas and the recently modernised manager's apartment. Beyond this, there are the motel rooms over the two levels.

Constructed circa 2001-2002 and decoratively in very good condition.

Configuration of the units is as follows:

  • 5 x Queen rooms

  • 7 x Twin rooms

  • 4 x Family rooms

Ground floor area around 266 square metres, first-floor area around 240.8 square metres and covered area of approximately 140 square metres.

Freehold land area of 1012 square metres more or less.

Growing occupancies with 57.5% for 2017/18 financial year and 63.4% last year.

Average daily room rates growing from $103.58 to $115.51 over the same period.

Beautifully refurbished and remodelled managers apartment with "designer" kitchen, heat pump and nice deck with water views.

Put your money and efforts into a nicely presented motel that suits most travellers needs and is at the affordable end of the market. Many commentators will tell you that these types of businesses are simply bedroom factories and the safest place to be is where people can afford to go. The trick then is to make them feel happy during their stay with basic comfort, clean rooms and a smile at reception. This business/property meets these needs imminently securing your investment and future.

You will note the ability to complete a Confidentiality Agreement online in yellow on the right-hand side of this listing.  Once you have done this then we will send you a password giving you access to the Due Diligence Room where all the files are available for you to reference.

You should also note that if you cannot afford the land and buildings then you can buy the business only at a price of $500,000.  We have a separate listing for the entire package.

Please do not hesitate to contact me to ask any further questions or to arrange an inspection to suit your timing.

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.

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Gordon McGregor

Gordon McGregor

Director, | Coromandel, BOP, Auckland CBD

M: +64 21 99 88 10

gordon[at]resortbrokers[dot]co[dot]nz

Confidentiality

To access information about this listing please follow the link below and complete the Confidentiality Agreement Form.

Confidentiality Agreement Form

Due Diligence Room

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