Featured in the latest Total Property portfolio magazine, the property is to be auctioned at 11am on April 10.
Ching says the 1978-vintage motel had additions and alterations from 1993 and 2004, as guest nights grew and more rooms were needed.
"Units are split across two L-shaped wings — one a two-storey structure with dual stairways leading to access decking at the front of the upper units, and the other a single-level block. Construction of both ground floor portions consists of concrete foundations with reinforced masonry walls and timber partitions.
"The business benefits from being located within Ohakune's town centre, enabling guests to walk to the town's retail amenities and hospitality venues. Most units have views of Mount Ruapehu and Tongariro National Park."
Ching says it's an entry-level property investment opportunity in the robust tourism sector — underpinned by a tenant with a long lease in place.
"The motel's core target market is active leisure travellers, mainly split across the summer and winter seasons, with shoulder periods stretching into autumn and spring. Length of stay depends entirely on the weather.
"In winter — from June to late October — Ohakune experiences high occupancy rates from skiers and snowboarders visiting Whakapapa and Turoa ski fields; in summer — from December to February — it is heavily booked by hikers walking the alpine crossing and cyclists riding the region's bike trails.
"The motel provides complementary transport to the Bridge to Nowhere, Old Coach Road and Tongariro Crossing walking and cycling tracks."
