This motel is located in the Bay of Plenty and is equipped with 20 guest units, plus a separate three bedroom accommodation for the owner.
The property has ample parking spaces on two acres of land, which is popular for the truck drivers passing through.
This motel has been busy during the lock-down periods and is still going strong.
Due to health issues, the vendor wants to sell the business and move on as soon as possible.
Sales revenue and profit is steady and has the potential to increase. The rent is reasonable and the lease term has 25 years.
The prospective buyers are required to sign a Confidentiality Agreement to receive the information on the business, financials and lease documents.
Price is by negotiation, between $350,000 - $400,000.
This business will not last long on the market and will sell within a short period of time.
Please contact Chris Park for more information and for a viewing.
Please visit barfoot.co.nz for viewing guidance during COVID-19.