Parklands Motor Lodge Sale a Rare Opportunity for Investors
The sale of Parklands Motor Lodge offers owner-operators and passive investors alike the rare opportunity to acquire a freehold motel with vacant possession in the highly desirable area of Turangi.
Parklands Motor Lodge is a 31 unit, 4.0 star Assure motel occupying a prominent 2.78ha road-front site on State Highway 1, at the halfway point between Auckland and Wellington.
Enjoying an average of nearly 6,000 vehicle movements per day, the outstanding location of the Motor Lodge, alongside its ongoing corporate relationships, means that approximately 80 per cent of its current guests are domestic.
For new owners of the property, the potential to increase the number of international guests is substantial, thanks to New Zealand’s booming inbound tourism market which is in the middle of a strong growth cycle and showing no sign of slowing down.
Danny Blair of Colliers International says: “Parklands Motor Lodge is in the premium position to take advantage of New Zealand’s thriving tourism sector and growing adventure sector, situated immediately adjacent to the Turangi town centre – the ideal location for investment,”
At the southern end of Lake Taupo, Turangi is known as ‘The Trout Fishing Capital of the World’ and is in close proximity to the Whakapapa and Turoa ski areas, New Zealand’s largest catering for 10,000 skiers per day.
The region is often utilised as a base for excursions into the Tongariro National Park, which has been internationally recognised as a natural world heritage area and a cultural world heritage area, one of only 15 such sites in the world. The Tongariro Crossing, situated within the park, is the most popular one day walk in New Zealand.
Offering quality accommodation through its 19 one bedroom units and 12 studio rooms, the property offers a range of supporting amenities including a restaurant and bar, swimming pool, games room, barbeque facilities and complimentary onsite parking.
“Income generated from the property holds great potential for growth, through increasing occupancy rates as well as the continued refurbishment of the guest rooms,” Blair says.
This is leading to improved room rates, particularly in the FIT and corporate segments of the market.
Parklands Motor Lodge is currently operated on an owner-occupied basis, with the owner and their family living in the dedicated, gated owner’s area which includes a four-bedroom residence, storage shed, smoke room and tennis court.
“It is a perfect property investment for a wide range of purchasers, including those seeking to own and operate an accommodation asset, or looking for a lifestyle change,” Blair says. “Alternatively, a passive investor could enlist a manager to operate the business, or the business component could be on-sold.”
The property retains large amounts of vacant land which could be used for a range of future development, expansion or subdivision options.
Colliers International has been exclusively appointed by the owners of Parklands Motor Lodge to offer the property for sale by negotiation, freehold going concern.