Aquarius Motel leasehold business in Ōhope

Quick facts

Business type

Established Business

Category

Accommodation & Tourism

Location

Ōhope, Bay of Plenty

Revenue

Advertised NZ$400,000; period undisclosed

Lease / premises

Leasehold; long lease advertised; two-bedroom owner's residence

About this business

Aquarius Motel is close to Ōhope Beach and Ohiwa Harbour, catering to holidaymakers, repeat visitors and corporate travellers. Its apartment-style guest accommodation is supported by off-street parking, guest and commercial laundry facilities, reception and storage areas. The leasehold business includes a two-bedroom owner’s residence and is currently operated by a single working owner with a lean staffing structure. A long lease is advertised, although its expiry and rental terms are withheld. Average annual occupancy is approximately 66%, with strongest trading in summer and early autumn. Asking price: NZ$360,000. Advertised revenue is NZ$400,000. Historical profit reportedly reached around NZ$100,000, which is not a statement of current earnings. Marketing, direct bookings and refurbishment are identified as possible development areas. Representative image; not the actual business premises.

Highlights

• Coastal Ōhope location
• Apartment-style guest rooms
• Approx. 66% annual occupancy