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Property Ref: 11778

Outstanding Tuscany Villas Business for Sale in Whakatane

Property Type: Motels, Hotels

Sale Type: Leasehold Interest (Business)

Region: Bay of Plenty

Physical Address: 57 The Strand East, Whakatane

Price: LEASEHOLD INTEREST BUSINESS, asking $1,195,000 +SAV (+GST if any)

Broker: Malcolm Teesdale

Mobile: +64 27 530 8738

Email: malcolm@tourismproperties.com

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.

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Lease

Information Memorandum by vendor

Trading Accounts

Booking.com: 9.0 Superb

(475 reviews)

What guests loved the most:

“The location is fantastic so close to town , spa bath was lovely”

Vanessa, New Zealand

“Absolutely beautiful room and very clean and spacious. Staff very helpful. Would definitely go back”

Sharmaine, New Zealand

“Bed was comfortable, easy to find wifi password, nice clean bathroom.”

Maddy, New Zealand

“Staff were awesome. So friendly and enthusiastic.”

Toni, New Zealand

“Everything is great, cleanliness, location ..love the place .”

Tina, New Zealand
“The room was very clean, comfortable and had everything we required. Added bonus was the spa bath. Great central location.”
Perina, New Zealand

“Comfy bed. Nice sheets. The lady who stocks the rooms didn’t hesitate to get us some more milk from the office with a smile.”

Shelley, New Zealand

“The Spa. Central location in town next to restaurants, shops and Marina. ”

Bernhard, Australia

“Close proximity to CBD allows for walking no need to drive. Loved Mr???? touch on reception counter.”

Akura, New Zealand

“Great location, clean, felt welcome we only stayed 1 night arrived in the dark but were well impressed and would definitely stay again ”

S, Australia

“The position. The managers. The amenities. The cat”

Judith, Australia

“Good location near the town for shopping and restaurants. Walking routes close by.”

Itsmisterb,  United Kingdom

Property Details

Property Type

Motels
Hotels

Sale Type

Leasehold Interest (Business)

Region

Bay of Plenty

Physical Address

57 The Strand East, Whakatane

Price

LEASEHOLD INTEREST BUSINESS, asking $1,195,000 +SAV (+GST if any)

Contact Agents

Malcom Teesdale - Tourism Properties Business Broker

Malcolm Teesdale

Tourism & Hospitality Business Broker
Waikato, Taupo, Central Plateau & Bay of Plenty
International: +64 27 530 8738
NZ Mobile: 027 530 8738

Email: malcolm@tourismproperties.com

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