Sold!

Bay Palm Motel, Mount Maunganui

The Bay Palm Motel boasts an absolutely prime location, servicing both Mount Maunganui and the rapidly developing Papamoa Beach area.   It is the closest motel to the Bay Park Raceway, ASB Arena and is just a 5 minute walk to the vibrant Bayfair Mall.   Literally a 3 minute walk to the beach and Baywave Aquatic Centre

Property Details

  • Property Name: Bay Palm Motel, Mount Maunganui
  • Address: 84 Given Road
    Mount Maunganui
  • Property Type: Motel Business
  • Price: SOLD
  • Region: Mount Maunganui
  • Listing: EL01096

Reasons to buy this motel:

  • Be part of the population growth and economic boom in this city
  • A long & attractive 25 – year lease
  • Producing a mouth-watering net profit
  • Absolutely one of the best locations imaginable
  • 3 x bedroom/2 x bathroom owners’ accommodation
  • Sunny, lifestyle location just 150m from the fabulous Mount beach

Bay Palm offers 16 units consisting of the following configuration:

3 x studio units

9 x 1 bedroom units

4 x 2 bedroom units

The units all all spacious, some with sliders to a back lawn area and offer a variety of either kitchens/kitchenettes or tea-making facilities.  The existing owners have consistently invested money back into the business and the motel is very well presented to a 4- star equivalent, with good quality chattels.

The grounds are fully paved for minimal maintenance and feature a heated in-ground swimming pool, just recently re-fibre glassed – a very popular family feature.

The conference centre:

The centre is located on the second floor and caters for 30 – 40 guests either seated or theatre style and is serviced by a kitchen and bathroom facilities.

Owner’s accommodation
Set on 2 levels the owners’ accommodation offers 3 large bedrooms (opening to a spacious, roof-top deck),  2 x bathrooms and open plan kitchen/ living/ dining with french doors to a large, wrap-around patio. Reception is conveniently adjoining the living area.

Reference: EL01096