Located in the heart of Wanganui provides quite accommodation for guests who appreciate the secluded environment. Consisting of 16 units executive ground level units 11 Studio 5 One Bedroom, 2 units with inter connecting doors suitable for large groups 3 Bedroom home internal access garage. Separate motel kitchen & laundry 7 units with spas, 7 Units have heat pumps installed. Plenty of room for guests vehicles Magnolia Motor Lodge has been constructed in low maintenance materials keeping the the cost of maintenance to a very low level.
With the Growth of Hutt Valley Don't hesitate enquire today
No Deferred Maintenance here: Hutt Valley - Immaculately presented 15 unit motel complex with 3 bedroom home. Excellent unit configuration4 Stidio, 7 One Bedroom + 4 Bedroom. Designed for small or Larger groups,plenty of on site parking for guests vehicles. Complex has been completely refurbished during last 2 years. New 25 year lease, realistic rental,provides all comforts of home,enjoys a high occupancy.
An opportunity to buy a profitable motel business in Central Hawkes Bay:
Vendor offers two options LEASEHOLD $415,000 OR FREEHOLD GOING CONCERN $1,650,000
Rent fixed for the first 4 years You will be proud to own this Leasehold Interest BASSINGERS MOTOR LODGE. Comprising of 12 Units, 6 Studio, 5 One Bedroom + 1 Two bedroom Units. 3 Bedroom Home with private court-yard with lockup garage attached to the house. Separate motel kitchen & laundry. New 30 Year lease, strong forward bookings. Immaculate presentation guests keep returning to enjoy comfortable accommodation. The buyer will enjoy fixed rental for the first 4 years.
Vendor has placed the property on the market to retire:
Live at home run your own business 6 ground level units detached 2 Bedroom home, established clent base easly managed by one person while your spouse works off site. All chattels owned 4 channells SKY, plenty of potential with this complex. The complex may lend to an alternative use.
Ill health forces Vendors to reconsider the asking price. Asking Price reduced to $550,000 +(gst if any)
Return On Investment 22%. No Vacancy sign is often on show here. 18 units comprising of 14 Studio, 4 One Bedrooms. Air conditioning fitted in all units, several with spa baths. Quality chattels fitted throughout. Qualmark Rated 4 star plus. The motel is established, income per unit in excess of $30,000, immaculate presentation.
Vendors are serious about selling reduce the price by $100,000
You will be proud to own this motel leasehold of Braemar Motor Lodge in Palmerston North: 20 units conprising 13 Studio, 6 One Bedroom, 1 Two Bedroom units and a 4 Bedroom home Private with courtyard off the living rooms + internal access garage. 27 years on the lease, next rent review 2021. Buying this business will assist the vendors to shift to the South Island.
20 Units of Executive Accommodation in Central City
After 10 years of ownership, the owner wishes to sell their business. They have maintained the property to a very high standard of presentation with 20 units comprising 9 Studio, 7 One Bedroom and 4 Two bedroom units + Conference Venue is in constant demand from Govt Departments. Inlcudes a 4 Bedroom family home with living rooms at ground level. Separate motel kitchen & Laundry. All chattels owned. 25 years on the Lease. High Speed Internet, Sky T.V.
Vendor reduces asking price will negotiate must sell..
Vendor has their business on the maket as an ongoing disability proves too difficult, forcing them to sell. Comprising of 18 units featuring Executive, Family & Studio units. 3 Bedrrom home with private family courtyard off living room. 23 years on the lease, attractive net income. Located in the heart of the C B D of New Plymouth, established client base, an active motellier would lift the income to the next level.
Most motels in New Zealand operate by way of a lease. As you may already know, it is a rewarding and interesting lifestyle. A leasehold is the lease of the motel land and buildings and a leasee is buying motel chattels, the business goodwill, business lease and the right to operate as a motel for a set period of time.