Paul Sanson of Resort Brokers New Zealand is offering for sale the 30 year lease expiring in November 2044.
Shadzz Motel consists of "14 spacious units ranging in size from 30sqm to 60sqm. Included are 8 x Studios (includes 2 access units), 4 x one bedroom units and 2 x two bedroom units." says brokering agent Paul Sanson.
Features of the sale include, "Conference Room of 55sqm that will cater for up to 30 people, a member of the Host Accommodation Booking Group, ideally situated on the Fitzherbert Avenue Motel Mile and only one block from the CBD." Continues Sanson.
Owners Accommodation is across two levels and includes three bedrooms plus an office/4th bedroom, two bathrooms and a separate garage and workshop.
"One of the largest owners accommodation that I have seen for some time." Sanson mentions.
"Chattels are of a very high standard, the owners have spent in excess of $70,000 over the last few years replacing and upgrading various chattels, namely new carpet throughout all units and the owners accommodation, new bedspreads, new settees, heat pumps, recliner chairs and dining tables in various units, new wifi cabling and the exterior and interior has been repainted during the last 3 years."
"The Motel trades very well and has consistently good occupancy percentages. Its hard to fault the overall presentation of this 4 star Qualmark Rated motel. Further enquiry is highly recommended." Concludes Sanson.
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See also:
Tuscany Villas Boutique Hotel for sale in Bay of Plenty