Motel for sale in North Island New Zealand





 
Region or Location
Mangonui, Northland, New Zeala
Sale Details
Asking Price 1300000 New Zealand dollars
Seller prefers enquiries in the following languages... English
Reference NZEA374
Description By The Vendor
We are selling 2265 sq. m. of prime coastal freehold land, with a four bedroom house of 256 sq. m. for owners accommodation and six motel one bedroom apartments of 50 sq. m. each. All the motel apartments and the house possess world-class sea and harbour views. Many of our guests have called our awesome views the best of any motel in New Zealand. Which is saying alot as the scenery in NZ is amazing. We have just created a subdivision and have created 5 titles. This will allow the purchaser the option to sell some of the apartments, develop the apartments into luxury units, or to operate the motel as it is. Along with the five titles there is a Body Corporate, Building Manager, and Sole letting Agency Agreement.
We purchased the Motel in April 2002 and have incresed the revenue by 250% since then. We do not employ any staff. It was our lifestyle decision to own/operate and not be dependent on any one else;however, medical problems have occurred and we must sell.
The motel was built in 1970 out of concrete and concrete blocks. The previous owners have maintained the property with a series of upgrades and renovations. Last year we painted the entire building and completely renovated tow of the apartments.
Our climate is subtropical which enhances Mangonuis standing as a popular holiday destination through out the year. There is an abundance of fishing, surfing and boating locations. The area is rich in history and Mangonui is used as a base for exploring other Far North destinations such as NinetyMile Beach, Cape Reinga, and the Bay of Islands.
Our guests are 50/50 domestic and international with the internationals mainly arriving in the Nov-Apr period. We also have a steady base of year round commercial travellers.
Guest Facilities On Site
Cable Television
Attractions For Guests In The Local Area
Beach And Sea  Forests  Cultural interests  Area Of Natural Beauty  Tranquility
Activities For Guests In The Local Area
Scuba diving  Sailing windsurfing  Surfing  Water skiing  Walking  Horse Riding  Fishing  Golf  Cafés  Restaurants
Owner Facilities On Site
Owners accomodation  Off street parking  Private garden  Outbuildings

Last updated   4 Jun 2009



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