Leasehold Motel, Mount Maunganui

Leasehold Motel, Mount Maunganui — Hospitality & Tourism · Mount Maunganui, Tauranga · Asking $1,395,000

Well-established leasehold motel in the heart of Mount Maunganui, 150 metres from the beach Long secure lease expiring September 2047 16 units across studio, one- and two-bedroom configurations Owner's three-bedroom residence, conference facilities and a heated pool Year-round demand from holiday, corporate and sporting visitors

DealProspect/Listings/Hospitality & Tourism

Leasehold Motel, Mount Maunganui

Motel

ActiveHospitality & TourismBay of PlentyB2C

Find funding for this deal →View original listing ↗

Asking price

$1,395,000

Disclosed · NZD

Revenue (est.)

~$980,875

Estimated · comparable listings of this type and size · typically within ±30%

Earnings (est.)

~$366,421

Estimated · comparable listings of this type and size · typically within ±25%

Typical multiple

~3.8×

comparable listings of this type and size · typically within ±25%

Brief

Well-established leasehold motel in the heart of Mount Maunganui, 150 metres from the beach
Long secure lease expiring September 2047
16 units across studio, one- and two-bedroom configurations
Owner's three-bedroom residence, conference facilities and a heated pool
Year-round demand from holiday, corporate and sporting visitors

Motels in Bay of Plenty

Motels for sale in Bay of Plenty (10) →

Listed

active

Median asking

$600K

9 priced

Earnings multiple

3.2×

12 listings

Time listed

124d

8 tracked

Asking price spread9 of 10 state a price

This listing · $1.4M

44%

11%

22%

11%

$250K–$500KOver $5M

New Zealand 83 · Canterbury 9 · Waikato 8

Takeaways 8

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