Ad ID: 95054

Motel Accommodation for Sale Whakatane

Italian Inspired Lease in Whakatane

Business Lease $1,150,000

Business for Sale Description

Motel Accommodation for Sale Whakatane

Tuscany Villas is a quality Motel right in the heart of the Whakatane CBD.

This is a substantial well-presented fully air-conditioned complex offering 28 luxury units - 10 deluxe studio suites, 10 executive spa studio suites, 2 king suites and 6 one-bedroom suites.

The conference room caters for up to 50 seated theatre style including catering and all associated equipment.

The current lease offers the Lessee right of renewal for an additional 30 years to add to the existing lease expiring on 17 August 2034.

Historical trading shows this Motel has a great track record and enjoys a 4.5-star Trip Advisor rating with good repeat business.

Recently painted with new heat pumps, new beds, new carpets and floor covering, new 18kg washing machine, new linen this Motel is in great operating condition.

Additional income as an add onto the Conference catering is the onsite Giordano's Italian BBQ and wine bar open for functions and special events.

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 Long Business Lease of this Motel for sale in Whakatane via our website or by phoning MATT D'ANVERS on 0800 263339, DDI 07 561 4213 or 021 935 670.

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Coffeys Tourism Property Brokers Ltd
For more info
Contact: Matt D'Anvers

Matt D'Anvers

Matt D'Anvers
021 935 670 or 07 561 4213
Coffeys Tourism Property Brokers Ltd
Licensed REAA 2008
Broker Ref: 9762

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