Live the dream in central King Country
Can you imagine being the proud owner of a motel in the heart of the King Country? Now picture an idealistic lifestyle, a sound ROI with a staggering six-figure surplus to a working owner!
Located in Ruapehu’s largest town, Taumarunui, this rare opportunity in the centre of New Zealand’s North Island sits on the Adventure Highway (State Highway 4) and the start of the Forgotten World Highway, just two hours from Hamilton.
Lindsay Sandes from LINK Business Brokers has been engaged by the vendors of Alexander Motel to market this superbly located freehold property and business (freehold going return).
One could assume the motel is often filled with tourism guests, however primary business sales are from the corporate sector, topped up with leisure guests. Its regular business was maintained during the height of COVID-19 without providing any MSD accommodation.
“This motel is ideal for its guests to access the Dual Listed World Heritage Tongariro National Park and the Whanganui National Park, making it the perfect base for holiday makers seeking some of the best outdoor pursuits that New Zealand has to offer,” says Sandes.
Taumarunui thrives year-round thanks to its well-known attractions such as the Forgotten World Adventures Rail Carts, the Pureora Forest Timber Trail and adventures on the Whanganui River.
“The town’s stretch of river boasts the reputation of having some of the best trout fishing in the world, which is why Taumarunui hosted the 2020 Commonwealth Fly Fishing Championships and the 2009 World Fly Fishing Championships,” says Sandes.
“And if that’s not enough, the Taumarunui Golf Course attracts golfers from around the country during the warmer months, while the mountains draw in skiers throughout wintertime,” Sandes adds.
The Alexander Motel is a purpose-built, two-story building that was established in 1965 and has been extensively refurbished.
With a total approximate floor area of 783 sqm, the motel generously offers 16 bright, spacious units.
“Its location and accessibility, in addition to each unit having its own ensuite bathroom, refrigerator, toaster and microwave as well as other standard motel facilities such as TV, free Wi-Fi, tea and coffee making facilities, has been a huge draw card for guests,” says Sandes.
While this investment could be ideal for an off-site owner-operator looking to take on the business, if the new owner desires a magnificent lifestyle change, there is a twobedroom unit they could make their home.
Sandes says, “Being your own landlord enables you to benefit from capital investments at the same time as enhancing guest experience, resulting in your business activities contributing to your own pocket rather than an independent landlord’s. Plus, even as guest room rates increase, an external landlord can never increase the rent – you are the landlord!” Sandes explains.
Being able to get away from the fastpaced city life and the opportunity to attribute everyday living expenses to the business makes this a rare and extremely attractive proposition.
“The investment options this acquisition offers really does make it a suitable purchase for any savvy investor that wants to take their future into their own hands,” says Sandes.
“They could maintain the current business model, purchase and install a manager, sell the business and establish a motel lease to retain the freehold investment or sell the freehold and retain the business,” Sandes suggests.
Taking over this very successful business will open the door to so many opportunities for a new owner.
Alexander Motel has made a name for itself and has become a motel of choice for overnight guests in Taumarunui.
Priced at $1,995,000 - it could very well be yours, along with a six-figure surplus and no traffic jams!
Contact:
Lindsay Sandes,
LINK Business Brokers
021 895 940 lindsay.sandes@linkbusiness.co.nz linkbusiness.co.nz/EL03659