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Property Ref: 11778
Outstanding Tuscany Villas Business for Sale in Whakatane
It’s the Kiwi dream: live large in Whakatane, a vibrant coastal town with everything you want – and nothing you don’t.
Tuscany Villas Boutique Hotel, Restaurant and Wine Bar is the go-to establishment in Whakatane, the sunshine capital of New Zealand.
Set in the centre of the CBD, close to all amenities and activities, this is a superb business that must be seen.
Guest Accommodations feature 28 luxurious suites in flexible format:
- 10 Deluxe studios
- 10 Executive Spa suites
- 2 Super King Deluxe suites
- 6 One-bedroom suites
Guests are further served by Giordano’s Italian Restaurant and Wine Bar (the only fully licensed accommodation in Whakatane) and conference facilities for 50 people.
The property has undergone significant refurbishment over the last 4 years and is immaculate. The exterior has just been repainted, good for another 5 years.
As a result, Tuscany Villas deserves its high tariffs and is the preferred option for Government departments, corporates, common-interest groups, international tourists and locals alike.
The business is very strong, currently running at 76% occupancy and very profitable. Full financial disclosure is available to qualified enquirers. The lease is unusually long: 15 years to run plus a free right of renewal for a further 30 years. The maintenance fund is currently ca. $40,000.
The owners’ accommodation is a 3-bedroom apartment with private courtyard, ensuring that you live as well as your guests!
Tuscany Villas Boutique Hotel is an exceptional property and business. It is not cheap, but quality never is. Call me today to view the supporting documentation and arrange your personal inspection. Proof of funds will be required.
Full Listing Information for this Tourism Business will be disclosed to registered, approved Potential Purchasers.
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Information Memorandum by vendor
Trading Accounts 4 years to FY2020
Progress FY2021 to October 2020
Room revenue analysis
Booking.com: 9.0 Superb
What guests loved the most: