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  Looking for a motel lease to earn 23% on capital invested? The NO VACANCY sign is constantly in use at this motel. The purchaser of this complex can purchase with confidence as this motel enjoys a high occupancy from guests who keep returning to receive the comforts of home
Forward bookings are strong. Consisting of 15 units - 11 Studio, 4 One Bedroom units + Spacious 3 bedroom home with 20 years on the lease. The complex is easily managed with all ground level units. After 8 years of ownership the vendor say "it's time to sell".
You will be impressed with the net figure of this motel with an income per unit in excess of $32,000 (ex GST). Buyers looking for a motel business within the Wellington area should arrange an inspection, as you will not be disappointed. Don't procrastinate the vendors are serious about selling to show they are serious the asking price has been reduced to assist in effecting a sale "as they wish to retire".
ACT TODAY CONTACT McCRAE
 $750,000 (+ gst if any)
For further information on this property contact one of our sales team quoting REF# m563. Email
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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.
