Broker | Hawkes Bay, Gisborne, Wellington & Taupo
Mob: +64 21 359 678
National Director | Central Auckland
Beechtree Motel was built in two stages, 56 Rifle Range Road in 2006 and then 60 Rifle Range Road in 2007. The property consists of a total 39 rooms, a very generous 3-bedroom executive owners' accommodation and 56 car parks.
Beechtree is located approximately 800 metres from Ruapehu Street and almost half of that to Lake Terrace.
Beechtree Motel has been trading as a single entity since it was built however, depending on your ownership strategy, the property can easily be separated as both buildings are on their own title and have all of the amenities that you would expect in a single motel including garaging.
The 39 rooms are well appointed over various configurations giving good flexibility and providing economies of scale.
On offer is the Freehold Going Concern of Lots 1 & 2 Deposited Plan 352755 on Certificate of Titles 219976 & 219977 with a combined land area of 3,888sqm more or less. Whilst the current owners operate the business under management, the owners do have a commercial arrangement in place whereby the business pays rent for the use of the two properties. Both leases have two yearly rent reviews and provide for a maintenance fund equal to 5% of the annual rental, the leases expire simultaneously on January 1st 2026.
Rating Valuation - at July 2019
Land Value $1,750,000
Capital Value $7,300,000
Very rarely do we have the opportunity to offer a property of this scale with so many options.
Taupo continues to enjoy the benefit of almost 1.9 million people being less than 3.5 hours' drive away and as a result of that the financial performance of Taupo accommodation is best described as very healthy.
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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