7 Bankart Street Raglan

Property ID:1W2HFG

Property Snapshot

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  • Area: 1601m2

Raglan Sunset Motel

7 Bankart Street Raglan

Property Snapshot

Yellow background images
  • Area: 1601m2

The Raglan Sunset Motel is the largest and most central motel in the township featuring 24 units offering a range of accommodation, studio units, family studios, an executive unit and a 2 bedroom self contained apartment for up to 8 people. All units have kitchenettes, flat screen TVs, bathrooms, Sky TV and wifi internet. The modern buildings and grounds have been very well maintained to the highest standard and the solid occupancy rates show an excellent return with Raglan's growing tourism popularity. The central courtyard within the 2579m2 commercially zoned site is an attractive feature as is the modern well equipped conference room which can easily accommodate up to 90 clients from corporate functions and meetings to large weddings and parties. This is complemented by a fully licensed bar and kitchen for catering and there's also a spa pool. An excellent opportunity exists here for a sole owner/ operator, shared ownership/ management structure or a paid manager. Selling as a Freehold going concern. Call Kyle for all details and to make an appointment to view.


Rating Valuations: $4,200,000
Land Value: $1,350,000
Improvements Value: $2,850,000
Valuation Date: 01 Jul 2017
Waikato District Council Rates: $19,069.21 (incl gst)
Waikato Regional Council Rates: $1595.68
Legal Description: LOT 12 13 DP 12113
Certificate Of Title: 38971 (Freehold)
Land Area: 2579 m2

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