B-K's Magnolia Motor Lodge, city centre motel


240 St Hill Street, Whanganui City

Asking Price NZD $450,000 + GST (if any)

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B-K's Magnolia Motor Lodge, city centre motel | 240 St Hill Street, Whanganui City | 2900241 |      X Close
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B-K's Magnolia Motor Lodge, city centre motel


This is an opportunity to acquire the new business lease on this very well-presented motel in an excellent Whanganui city centre location with strong occupancy.

There are two options to purchase; a thirty-year lease for $450,000 + GST (if any) or a twenty-five-year lease for $425,000, plus GST (if any).

The sixteen rooms were all refurbished this year giving the motel a fresh and modern touch, which appeals to the frequent mid-week repeat business and government guests as well as tourists throughout the week and weekends. Room configuration consists of single studio units through to interconnected family units.

The owners residence is a smart three bedroom, two bathroom, two storey accommodation with an open living and kitchen area.

Whanganui is a thriving provincial city with frequent events and a growing population and economy. This is a good chance to invest in that growth.

This opportunity suits a new entrant into the accommodation industry or perhaps the next step up from your existing business.

Magnolia Motor Lodge is one of the best rated motels in Whanganui and is part of a chain of motels spanning throughout the North Island.

Contact me now for more information and to schedule your viewing time.

Wayne Frewen

Ruapehu

Licensed under the REA Act 2008

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240 St Hill Street, Whanganui City

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Wayne Frewen

Ruapehu

Licensed under the REA Act 2008

View profile