New Zealand

"Excellent in all Respects" - $1600000

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Description

(BISINZ*) - "excellent in all respects" - "wonderful, highly recommended" - "superb accommodation, very friendly" - "the most peaceful place in New Zealand" - "motel facilities excellent, very comfortable" Are just a few examples of comments taken at random from a page in the Coromandel Court Motel guest book. If you value providing quality service with the expectation of being rewarded with a quality lifestyle then read on .... Motel - Freehold Going Concern - Superb Operation Consistently superior occupancy rates that are significantly higher than average for region - strong corporate base. Well positioned in the heart of one of New Zealand's leading tourist destinations. To reflect the current economic climate our vendor clients have wisely chosen to reduce their asking price significantly below the Registered Valuation (details available upon request). 1. 1 x 1590 m2, containing motel complex and owner/manager's accommodation 2. 1 x 1306 m2 with separate 3 bedroom dwelling. 3. Combined FHGC package offered for sale at $1,750,000. Owners will consider alternatively structured and/or trade deals. This Motel represents an outstanding opportunity for purchasers who wish to further capitalise on the growing tourism industry. Further Information: The Freehold Going Concern, (Motel, land and business) is being offered for sale with the neighbouring Freehold property which includes a separate three bedroom dwelling. The second site is ideally positioned to enable further expansion of the existing motel operation and astute purchasers will immediately see the possibilities. The Motel has consistently enjoyed an occupancy rate which is significantly higher (1.75 x) than that experienced by the average rates reported to the govt. statistics for the region. The Motel is located within a few minutes (200 metres), level walk of the town's central business district and tourist attractions. Yet being situated down a quiet right of way it is popular with guests who are grateful for the peace. The complex was built in 1998 and comprises 9 + ground floor units. Each unit opens onto the outdoor deck which links all four sides of the Motel quadrangle. The five executive, two bedroom units (51 m2) provide a generous open plan living, kitchen and dining area, two separate bedrooms and a bathroom. The four studio units (26.5 m2) combine an open plan living, kitchen, dining and bedroom area plus a separate bathroom. The owners 3 bedroom accommodation is centrally placed at the hub of the complex. From here the owner/manager can expediently access all work stations including the motel laundry, the reception, and the breakfast kitchen. The 3rd bedroom, if not needed by the owners, acts as a 10th unit; it has it's own separate entrance to the delightful garden. Additional to the Motel and sharing the same right-of-way is a three bedroom dwelling (123 m2), with detached single garaging. Previously utilised as a rental property, the home is now vacant and has been put into service as extra storage for the Motel. Purchasers may choose to renovate and upgrade this home or equally they may consider the site has far more value as part of a complete redevelopment package. Positioned as it is immediately alongside the motel suggests possible expansion of the existing motel operation. The town is a major tourist destination. It is situated on the Pacific Coast Highway which traverses the spectacular east coast of New Zealand's North Island and considered to be one of the great touring routes in the world. An easy two and a half hours drive from several major cities, the Motel is in an ideal position to benefit from the increasing tourism numbers the area is receiving whilst the strong corporate clientele makes it the envy of other accommodation providers. When identifying a business to purchase, the likelihood for success is greater when the business is well established and has a proven track record clearly indicating a need for the product or service within that particular market. This is clearly such a business. Contact the Vendor's exclusive Business Broker: Sharon James 027 235 4771 NB: Redevelopment may require consents/permits from regional and district councils, purchasers are advised to make their own enquires to the relevant authorities.

Was for Sale


Place: 365 Kapanga Road, COROMANDEL, WAIKATO, New Zealand, 2851 Average Price in COROMANDEL ...