A investment property is one in which the land and buildings are leased to another party and income generated from the motel lease. There is no operational involvement in the motel
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  Recently renamed "The Villas" a big motel with small motel values. New Lessee with a long term lease. 35 Unit motor lodge complex under Unit Titles Act 1952 . indoor swimming & spa pools which is a major draw card for guests. 5 Executive Studio ground level, 7 Separate Villas offer very flexible accommodation options for larger or smaller groups.
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Disclaimer: The property information has been prepared from information supplied by the owners. Every precaution has been taken to establish the accuracy of the material. No responsibility or liability is accepted by McCrae Real Estate Ltd (Licensed Agent REAA 2008) its principal, agents or employees. Prospective purchasers should make their own enquires and satisfy themselves as to all aspects of this material.
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McCrae Real Estate Limited MREINZ is a hospitality business and investment broking service specialising in the motel industry in whom you have total confidence.
Investments
Perfect Palmy Motel Investment: 23 units all units are ground level + Conference Venue 5 bedroom home 30 year lease from October 2005 Rent reviews 2 yearly. This motel investment is situated on a main thoroughfare into Palmerston North constructed in low maintenance materials. A great opportunity to purchase a passive investment. With an income of $178,000 (+gst) all out goings paid by the tenant.
Motel Investments are hard to find: One of the better investments McCrae Real Estate Ltd has had the privilege to market. 20 units plus conference venue seating for approximately 40 people. Located on the ring road in the CBD of Palmerston North one block away from the central city square. The motel offers all the amemities guests enjoy.