Disability forces price reduction Vendor says find a buyer
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..
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
Buy and own one of Palmerston North's better motels
You will be proud to own this motel leasehold Braemar Motor Lodge Palmerston North: 20 units conprising 13 Studio, 6 One Bedroom, 1 Two Bedroom units 4 Bedroom home Private 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.
Manfeild Park Motel 13 unit complex all ground level mix of Studio & One Bedroom units 4 Bedroom home ideal for family. Great location within walking distance of Feilding centre. Feilding has plenty of fixtures and functions to attract guests. Strong client base occupancy over 70%. Over the street from the main entrance into Manfeild Events Centre several events every month from agriculture shows to motor racing, horse shows plus indoor events.
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.