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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  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.
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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.
Copyright © 2012 McCrae Real Estate Limited - Licenced Real Esate Agent REAA. All Rights Reserved.
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
Motel investment under $900,000 11 Unit motel plus conference venue/dining room located on a main thoroughfare into Hastings City. 2,915 sq.m of land with an area suitable to add more units. Experienced lessee in place 26 lease years to run, rent reviews 2 yearly.
Colonial Style Palmerston North: Always admired plenty of street appeal 13 units + Conference Venue, 3 Bedroom home established grounds, Rent reviews 2 yearly.