Units for Sale

Fifteen individual motel units.

Accommodation:

Five x 2 bedroom units,
Four x 1 bedroom units,
Two studio units,
Four FDU’s (Future Development Units)

Management:

Units managed & maintained for owners.
Manager living on site operates motel business.

Operating costs allocated under unit entitlements and occupancy rates.

Profits equitably distributed to owners monthly.
Average occupancy rate of over 70% during last three years is well ahead of Taupo region or NZ average rates. Full information and unit occupancy breakdown available on request.

Land Area: 4760 m2

Price Range:
(as at 2009)
From $110,000 (studios) to $195,000 (2 bedroom units)
Ask about new 2 bedroom units to be erected.

Aerial view as at November 2007 – State Highway 1 in foreground, entrance off Link Road side street, Taupahi Road at rear.

General Information:

Aerial view as at November 2007 - State Highway 1 in foreground, Tongariro River – Major Jones Pool at top of photo.

The conceptual basis of this offer is to provide holiday accommodation units for individual owners which will be fully
managed during the remainder of the year when not required by the
owners. The property has been successfully operated as a motel
business for over 40 years and has a well established reputation. The
owners are intending to build up to four additional units. They will
enhance the overall viability of the motel operation.
The units will be managed by on-site management. Owners will have their say in management. The managers will operate the motel and be responsible for maintaining the property. The management contract provides for recovery of operating costs from room
rates with the balance returned to individual owners.
For more information phone 07 386 8555.
Turangi Location Map – half way to everywhere…