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N.Z. Economy has not affected this motel

A Leasehold Listing

At 240 St Hill Street Whanganui

"Central city location"

Price By Negotiation

Plus GST if any


Secure your own employment, buy a business that offers a home and income. Own this business you will not be disappointed. Showing a high net profit. 16 unit High quality motel complex is on the market

Long term lease expires 2050 realistic rental next rent review December 2024. Completely refurbished interior & exterior during Covid-19 Lockdown.

3 Bedroom managers dwelling with internal access lock up garage. Complex consists of 11 Studios, 5 One Bedroom units, 2 units with interconnecting access doors creating two bedroom units for larger families. Arrange to inspect the motel and talk price to the Vendor.

The complex is located near CBD business area of Whanganui. Clientele is based around a strong corporate trade (no emergency housing). All units have heat pumps installed & microwave ovens, 6 units with spa baths. Linen cleaned by laundry company. separate motel kitchen & laundry.

This would be an easy motel complex to manage all units ground level plus move around the motel under cover from rain fall.  The financials for the last financial year are very attractive, would be one of the better motels in the city.

As the motel was completely refurbished recently there is no deferred maintenance just buy and manage the complex. Vendor finance could be available subject to Terms and Conditions to be agreed upon. 


  1. Units: 16 Units
  2. Region: Whanganui
  3. Listing ID: m846



240 St Hill Street Whanganui


Malcolm McCrae

Malcolm McCrae is the principal of McCrae Real Estate Limited, MREINZ,  REAA Licensed Agent

Malcolm (AREINZ) is a Licensed Agent REAA and has over 33 years experience selling real estate, the last 15 years specialising in the motel industry. Allied Member of the Motel Association of New Zealand and Approved Consultant of Hospitality New Zealand.


The property information has been prepared from information supplied by the owners. Every precaution has been taken to establish the accuracy of the material. No responsibility or liability is accepted by McCrae Real Estate Ltd (Licensed Agent REAA 2008) its principal, agents or employees. Prospective purchasers should make their own enquires and satisfy themselves as to all aspects of this material.