Motel in cycle-tourism hotspot
A boutique accommodation business set to benefit from the opening of the Hauraki Rail Trail is on the market.
The Brookby Motel, on the Coromandel Peninsula, is a freehold going concern with a sale deadline of December 6.
The sale includes fittings, fixtures and chattels with an estimated value of $50,000 and the motel has a capital valuation of $465,000.
The motel operates near the Hauraki Rail Trail in Thames, a 77km cycle trail which begins in the town, stretches to Paeroa and finishes in Waihi.
The tourism industry is expecting the Hauraki Rail Trail to be a major attraction, bringing families on weekend getaways and international visitors looking for Kiwi adventure in the region.
Bayleys agent Geoff Graham said the opening of the Hauraki Rail Trail had positive spinoffs for Thames and with tourism numbers expected to increase, many of these visitors would be requiring accommodation.
"There are a number of cycle trails across New Zealand which have already seen the economic benefits of cycle tourism," he said.
"The Brookby Motel has a consistent occupancy rate of 62 per cent over the past three years, and with numbers already rising in Thames, the economic benefits will be wheeling in," Graham said.
The motel was converted from an early 20th-century villa into a six-unit motel in the 1960s, and has been operated by its current owners since 2004.
The four one-bedroom units and two studio units have recently been refurbished and upgraded, with all of the beds, lounge and kitchen equipment replaced, and high-speed wireless internet installed.
The motel can accommodate 20 people, with off-street parking outside each unit.