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Property Ref: 7296

Motel in Taihape, Freehold Going Concern or Business is For Sale

Property Type: Motels

Sale Type: Freehold Going Concern, Leasehold Interest (Business)

Region: Manawatu/Wanganui

Physical Address: Taihape | Please register your interest on the Documents tab, to access full confidential listing information.

Price: FHGC, asking from $795,000 +gst if any or BUSINESS By Negotiation

Broker: Adrian Chisholm

Mobile: +64 21 727 888

Email: adrian@tourismproperties.com

Motel In Taihape is For Sale as a Freehold Going Concern, or the Business only

For sale is the motel Business and the Land & Buildings as a Freehold Going Concern or the Business only is for sale.

The motel is a typically traditional Motel with 14 units and the owners accommodation is a three bedroom stand alone house with access to the reception office. The rooms have been upgraded recently.

The property is situated in Taihape on main State Highway 1.

Many moteliers will buy businesses and then progress onwards to buy their own property and business. This is a great opportunity to start by owning the business then transition to own the Land & Buildings at a later date or to buy the Freehold Going Concern now.

Please note the Vendor has advised that there can be no confirmed visits to the property for buyers without the Brokers knowledge and assistance in the first instance.

For more information register now or to arrange your viewing, please contact specialist Hospitality Business Broker, Adrian Chisholm, AREINZ, on 021 727 888 or email Adrian@tourismproperties.com.


Taihape

Taihape is located near the middle of the North Island in the Rangitikei Borough of New Zealand. It services a large rural community and lies on State Highway 1, which runs North to South through the centre of the North Island.

Economy

Taihape is a rural supply town and was at its peak during the 1960s when it was a railway and transport hub for the surrounding farming community. Much of its economic activity revolved around the railway and rural communities. A major decline occurred in the 1980s due to a restructure and electrification of the railway system and a general downturn in the farming sector.

In recent years with the advent of major tourist attractions Taihape is now experiencing an upturn in local commerce. Its location on the North Island Main Trunk Railway and on State Highway 1 has ensured its economic survival. Taihape’s main claim to fame is as the “Gumboot Capital of the World”, and it attracts large numbers of people to the annual gumboot-throwing contest.

Geography

Taihape is near the confluence of the Hautapu and Rangitikei rivers about 500 m (1500 ft) above sea level. It lies in a sheltered valley among the high country of the central North Island, close to the Rangitikei River and the Ruahine Ranges. Despite its transport links.

Few towns in New Zealand have a steeper street profile, which provides spectacular views across to the Ruahine Ranges. It is surrounded by fertile high country utilised for sheep and deer farming. Its location close to the mountains, rivers and lakes has made it ideal as a service point for hunting and outdoor tourism. The town is at the southern edge of the volcanic plateau.

Transport routes in and out of Taihape have improved over the years. What were once twisting and treacherous roads through the high country, State Highway 1 is now an easy and fast set of deviations through the hills to Mangaweka in the south and Waiouru to the north.

History

The Taihape region was originally inhabited by local Maori tribes who settled the area well before the arrival of Europeans; descendants of these tribes still live in the area. The first record of a European to the region is William Colenso’s visit in 1845. In 1884, the surveyor’s party for the Main Trunk railway line cut a rough track through the district.

The town was founded in 1894, when European settlers arrived from Canterbury in the South Island. The site of the town was a small natural clearing in dense native bush, which the first settlers set about clearing. Many of the original families have descendants still living in the area. The settlement was first called Hautapu after the local river, then Otaihape (“the place of Tai the Hunchback”), and finally Taihape.

Before the establishment of the railway, the bulk of farming produce (wool) had to be transported east by horse and bullock cart to Napier, from where it was exported. Until the establishment of roads and railways in the early 1900s, Taihape, like other rural towns, remained largely an isolated pioneer settlement. It developed as a key railway and transport town, reaching its peak of population and activity during the heyday of the 1950s and 1960s. The town declined during the downturn of the 1980s and today it is largely a refreshment stop for travellers and a service point for the local farming community.

People

Taihape has a population of about 2,000 people. Population peaked at around 3,500 in the late 1960s, but declined in parallel with many other rural towns after that time. The town has two main schools St Joseph’s Catholic School established in 1916, and the Taihape Area School.

The Taihape local government ward is part of the wider Rangitikei District Council, with the current Mayor Chalky Leary and is served by 3 ward councillors, Cr Ed Cherry, Cr Jan Byford, and Mangaweka based Cr Richard Aslett.

Fame

Taihape is home of the annual Gumboot Day, first celebrated on 9 April 1985. This festival was devised by local business people who decided to capitalise on its rural image.

Entertainer John Clarke used Taihape as a location for his Fred Dagg comedy persona.

Confidential Documents

Full Listing Information for this Tourism Business will be disclosed to registered, approved Potential Purchasers.

Become a Registered User:

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This is a simple two-minute process, which you can complete by selecting ‘Register’ at the top right hand of your device now.

If you are already registered with us:

You can request full access to this listing’s confidential files by:

  1. Logging in with your existing user name (your email used to register) and your password, then by
  2. Locating the listing you are interested in viewing Listing Files, then
  3. Navigating to the ‘Documents‘ tab, of the listing you are interested in, and
  4. Selecting ‘Request Access‘ to the confidential information here within.

We will quickly respond confirming your approval.
When you are emailed your ‘access approval’ notification, you need to be logged in to our website, in order to view and/or download the confidential files, which are located in your ‘Document Library‘.
If you are already logged in now:
Simply register your interest here, by navigating to the ‘Documents‘ tab, and selecting ‘Request Access‘ to the confidential information here within, and Adrian will come back to you by email with your access notification.

 

7296 | Motel Freehold Going Concern For Sale | P&L 2018

7296 | Motel Freehold Going Concern For Sale | P&L 2017

7296 | Motel Freehold Going Concern For Sale | Boundaries

7296 | Motel Freehold Going Concern For Sale | QV Information

7296 | Motel Freehold Going Concern For Sale | Chattels

7296 | Motel Freehold Going Concern For Sale | P&L 2019

Full Listing Information for this Tourism Business will be disclosed to registered, approved Potential Purchasers.

 

Become a Registered User:

To gain access and download full confidential individual files on businesses for sale on this website, you must first be a registered user, and have ticked the box that you agree to the strict terms and conditions of the confidentiality agreement, provided by TourismProperties.com.

This is a simple two-minute process, which you can complete by selecting ‘Register’ at the top right hand of your device now.

 

If you are already registered with us:

You can request full access to this listing’s confidential files by:

  1. Logging in with your existing user name (your email used to register) and your password, then by
  2. Locating the listing you are interested in viewing Listing Files, then
  3. Navigating to the ‘Documents‘ tab, of the listing you are interested in, and
  4. Selecting ‘Request Access‘ to the confidential information here within.

Adrian Chisholm will quickly respond confirming your approval.

When you are emailed your ‘access approval’ notification, you need to be logged in to our website, in order to view and/or download the confidential files, which are located in your ‘Document Library‘.

If you are already logged in now:

Simply register your interest here, by navigating to the ‘Documents‘ tab, and selecting ‘Request Access‘ to the confidential information here within, and Adrian will come back to you by email with your access notification.

 

Thank you.

Property Details

Property Type

Motels

Sale Type

Freehold Going Concern
Leasehold Interest (Business)

Region

Manawatu/Wanganui

Physical Address

Taihape | Please register your interest on the Documents tab, to access full confidential listing information.

Price

FHGC, asking from $795,000 +gst if any or BUSINESS By Negotiation

Contact Agents

Business Broker Adrian Chisholm

Adrian Chisholm

Principal
Head Office | New Zealand, Lower North Island, Central Otago, Fiordland & Southland
International: +64 21 727 888
NZ Mobile: 021 727 888

Email: adrian@tourismproperties.com

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