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Call Julian Now on:
+64 7 873 7122 (day)
0274 176 190 (evenings)
Listing #11225

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Popular Motel Business For Sale
Otorohanga, New Zealand


Palm Court Motel business Otorohanga private sale

Clean, cosy, convenient

Palm Court Motel is Otorohanga's newest motel.

It is ideally located on State Highway 3 (the main south entrance to Otorohanga Township) and only a short 200 metre walk from village shopping, cafes, bars, restaurants, and the railway station.

Otorohanga is world famous for its Kiwi House and Native Bird Park. Otorohanga is also New Zealand's official Kiwiana town complete with hanging flower baskets along the main street. Tourists come from all over the world to see this iconic Waikato town and many stay at Palm Court Motel:

  • 2 minutes drive to world-famous Otorohanga Kiwi House
  • 5 minutes drive to a round of golf on the challenging Waitomo course
  • 10 minutes drive to Waitomo caves, black-water rafting, adventure tours, and more
  • Close to the main cities of Hamilton (40 minutes), Rotorua (90 minutes), and Auckland (2 hours)
  • Ideal winter ski stop on the way to snow sports on Mt Ruapehu (2 hours to the Whakapapa Ski Field)

Palm Court Motel is well appointed property that offers exceptional accommodation at realistic prices. It is a popular choice with national and international tourists, travelling business reps, and visitors to local industries. It has come on to the market because the owner wishes to fulfil a long-held dream to own a farm.

If you are looking for an established accommodation business with excellent occupancy rates that are currently producing a 24% Rate of Return, seriously consider what Palm Court Motel in Otorohanaga has to offer.

Top Motel in Top Tourist Town

Palm Court Motel offers spacious studio and family units:

  • 7 Studio Units (sleep up to 3 people)
  • 4 x One Bedroom Units (sleep 5-6 people), two units have a spa bath
  • 1 x Two Bedroom Suite (sleep up to 7 people) with double spa bath


Queen beds and quality bedding

Two units are fitted-out as Access Units.

Each Unit has a self-contained kitchen with microwave oven (full electric stove in some units), benchtop hot plates, refrigerator, toaster, crockery and cutlery, dining table and chairs.


Fully self-contained kitchens

Beds are a mix of Queen-size and single beds and all have quality bedding and electric blankets. Each unit has an ensuite bathroom with vanity, shower and toilet. Some Units have either a single or double spa bath.

Other room appointments include a coffee table, lounge chairs, sofas, and electric heating. Each of the 6 units on the ground floor has a private courtyard.


Open lounge with stylish furnishings

Guest services

  • Cooked and Continental breakfast available
  • 5-channel Sky Digital TV, 4 local television channels
  • Wireless internet access, Wi-Fi laptops available
  • Off-street courtyard parking

Premises

Palm Court Motel comprises land (1200 square metres) motel buildings (478 square metres) and owner's residence at 182 Maniapoto Street in Otorohanga.


Welcoming entrance from Maniapoto Street

The property is presented in excellent order with plastered exterior, tile roof, and painted interior walls. Floor coverings are a mix of carpet and lino.

The property includes a separate office (with computer, printer, software, phone, fax photocopier and Eftpos terminal), motel kitchen for breakfasts (with refrigertor, stove, dishwasher), motel laundry, ample stock storage and 12 off-street car parks.

The lease for the business is for 30 years, commencing August 2006. Rent reviews are every 2 years, the next review due August 2010.

Owner's accommodation
The owner's residence is a spacious 2-story block (200 square metres) at the entrance to the motel.

Assets being sold

A complete list of all lessee fittings, fixtures, and chattels being sold is available

Day to day management

Business Hours:
Monday to Sunday - 7.00 am to 9.00 pm.

Staff:
The motel is operated by the owner with assistance from cleaning staff.

Database:
The business sale will include a customer database.

Stock:
Stock will total about $1500.

Advertising and Promotion:
Palm Court Motel advertises via roadside signage, a listing in Yellow Pages, and advertisements in Travel Guides. The business web site http://www.palm-court.co.nz includes a secure booking and reservation system.

Call Julian on +64 7 873 7122 (day) or 0274 176 190 (anytime)

Otorohanga and Southern Waikato

Otorohanga is located in the heart of South Waikato. The area is renowned for its fertile soils and pastoral farming, particularly dairying. Hamilton is just 56 km away with big city shopping, International airport, University and major hospital. Otorohanga is also within easy driving distance of Rotorua with its thermal wonderland.

Otorohanga is the closest town to the world famous Waitomo Caves and their glowworms. In an average year, over 400,000 people travel to Waitomo to view the caves and their unique glowworms that are no bigger than an average mosquito. Other features of the area include the Waitomo Museum of Caves,
the Waitomo Championship Golf Course with 18 holes, Black Water Rafting deep underground, Woodlyn Park with its amazing live animal performance, bush walking, the Ruakuri Natural Bridge and a host of other activities.

Nearby Kawhia Harbour offers a laid-back atmosphere coupled with great fishing and beaches. Thermal activity runs through the area and visitors can dig their own spa pool in the sand, sit back, and watch the world go by.

To find out more about Otorohanga, click on:

http://www.otorohanga.co.nz/
http://www.kiwianatown.co.nz/
http://www.otodc.govt.nz/
http://www.kiwihouse.org.nz/
http://www.waitomo.co.nz/
http://www.blackwaterrafting.co.nz/
http://www.caveraft.com/
http://www.woodlynpark.co.nz/
http://www.kawhiaharbour.co.nz/



http://www.bizoptions.com/11225