About this business for sale
The Bay Palm Motel FREEHOLD is in the very heart of the massive growth region of the Bay of Plenty.
PRIME FREEHOLD MOTEL, MT MAUNGANUI
- Location! location! location! – prime real estate
- This FREEHOLD motel is surrounded by residential homes – future expansion?
- This Papamoa end of the Mount is in a frenzy of development and infrastructure upgrade
- Thousands of homes and a new retirement village are being built
- There is no other way that this investment can go but – up, up and away!
PLUS, further options:
- Purchase then just sit on a very solid/secure investment with steady and upward returns
- Keep options open by land banking for future opportunities – ideal for developers
- Have the benefit of the first right of refusal when lessee chooses to sell
The Bay Palm Motel is located on Girven Road in Mount Maunganui. There are few better locations anywhere. 150 metres and you will find the white sand beaches of the Mount. 300 metres in the opposite direction you have the largest shopping mall in the region, the ASB Stadium, and the Baywave swimming complex.
- Built in late 1990’s (1999)
- Total Land area of 2069 Square Metres, set on two Titles of 943 m2 and 1126 m2
- Large Prime corner site in huge growth area
- Existing tenant in place (30-year term Exp 30 September 2047)
- 16 Unit motel Units
- Conference centre
- Swimming Pool
- Large 3 bedroom / 2 bathroom owner’s home
Call me now to arrange an inspection.