0800 263 339

Upgraded New 30 Year Lease

Reference: 7942
Motel / Motor Lodge
Business Lease $450,000

This is a great opportunity to purchase a new 30-year lease motel business. Centrally located, this motel offers value for money with executive accommodation for business travellers, sports teams & family holiday makers.

There are five one-bedroom fully self-contained apartment style units and eleven studio units. All 16 units have been upgraded and have air conditioning. The residence has three bedrooms and two bathrooms.

Whanganui is well documented in the history of New Zealand. It is scenically spectacular with a major river and coastline as well as being the hub for national and international sporting events. The city boasts more sports facilities per head than any other region and proudly hosts the Masters Games.

This Motel is in a great location and has shown a steady increase in occupancy and turnover since the upgrade. An opportunity not to be missed.

Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.

We would welcome your enquiry on the Business Lease of this Motel for sale in Whanganui via our website or by phoning PETER MCGRATH on 0800 263339, DDI 06 929 7681 or 027 449 1608.
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Peter McGrath

Peter’s early career was in farming before new challenges where called for. The first of these was the development of a large and successful hydroponic rose growing enterprise, followed by a career shift to satisfy a long time interest in real estate.

Back to University to polish his professional skills and knowledge, he gained a Post Graduate Degree in Business Studies (Real Estate). He has run his own agency and sold residential, lifestyle and rural properties. Peter is excited to be on the Coffeys team and is confident of good times ahead in the tourism market.

Communication is key to Peter’s success. He is a people person, a lateral thinker and always assists his clients with sale process while striving to achieve the best possible outcome. Knowledge of property, marketing skills and a no stone unturned attitude enable him to find the best match for buyers and sellers.

Peter and his wife Jo have raised four children and now have four dearly beloved grandchildren. If any spare time is available, Peter will grab a fishing rod or brush the dust of the golf clubs. 

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