MOTEL ON CYCLE TRAIL UP FOR SALE

Looking for a Far North business opportunity with real growth potential? We says it’s time to get on your bike!

Cycle trails are the hot tourist attractions around New Zealand right now, offering a way to experience everything the country has to offer while exercising and enjoying the clean air and local hospitality along the way. As new cycle trails open, the demand for accommodation grows, and this is sure to be the case with the newly opened Twin Coast Cycle Trail which stretches from Opua in the Bay of Islands to Horeke in the Hokianga. This makes the Mid North

Motor Inn in Kaikohe well worth taking a closer look at. It is just 400m from the Twin Coast Cycle Trail and seven minute’s drive to the nearby Ngawha Springs Geothermal Pools – ideal for tired legs after a day cycling. It’s also just 30 minute’s drive to the Bay of Islands and Hokianga, and an hour’s drive to Kaitaia and 90 Mile Beach. Kaikohe has a large number of educational facilities from early childhood to secondary school and tertiary. It is home to the Far North District Council HQ, the District Court, northern Police centre, Top Energy headquarters and is a servicing facilities for a number of government agencies. The motel business is being sold by the freeholder owners of the land and it has 11 rooms, all in one row, with space in front for individual car parks. Free wi-fi and Sky TV is available in all rooms, the property is well landscaped and has good overall appeal. There is a communal kitchen with free coffee and tea making facilities as well as a coin operated washing machine and dryer for guests’ use. The owner’s accommodation is in a separate block, adjoining the office. It comprises two large bedrooms, open plan living and kitchen with a toilet and shower facilities. All marketing of the business to this point has been via its own website, leaving plenty of opportunity for growth through the use of other search engines such as booking.com, expedia and others. The business is currently making close to 25 per cent return on investment with steady occupancy and repeat clientele. Forward bookings are in place, the rent is reasonable and the vendors are motivated to sell. This is an affordable entry into the motel business