Northgate Motor Lodge $920,000plus GST (if any)

TRULY A BEGINNER’S OPPORTUNITY

About fifteen years ago the vendors decided to venture into the motel business rather than continue as employees. It was a completely new experience for them. Since acquiring Northgate Motor Lodge, they have not looked back.

Now, the vendors have decided to take on other ventures and is time to handover their successful motel to the next astute investor.

Northgate Motor Lodge is a sizable operation with 24 studio units. The motel spans two road frontages, with Northgate at the main entrance to Lemon Street at the rear. The motel is the first accommodation facility when entering New Plymouth from the North.

The motel has a loyal corporate base. Corporate bookings for their staff are not only for days but also weeks at a stretch. About 70% of the motel business is accredited to corporate clients.

If you have a small family or planning for one, the owner’s accommodation will cater for that as well. The freestanding bungalow with three generous-sized bedrooms, a separate lounge and dining, a modern kitchen and top it all off with a private outdoor BBQ area. The owner’s accommodation is the envy of other motels.

Lease Term: To 31 August 2039

The motel consists of 24 units:

• 24 x Studio unit with cooking

Other motel facilities: 

• Spa pool
• BBQ area   

Owner's Accommodation:

The owner’s accommodation comprises three bedrooms with separate lounge and dining areas. Dining flows out to a private BBQ area.

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Disclaimer: The information on the website and associated documents have been provided by third parties and while every care has been taken in the preparation, we do not accept any responsibility for the accuracy of the whole or any part. Interested parties are advised to make their own enquires and satisfy themselves in all respects.