Potential with this motel lease located on a main thoroughfare into Palmerston North handy to Sports grounds, N.Z. Defence Force, Massey University.
Vendor reduces price to find a buyer The cheapest 35 units "For Sale"
Vendor says find me a buyer, Location in CBD of New Plymouth on the ring road of the city, Large managers home, 24 Studio, 4 One Bedroom, 7 Two Bedroom units, Heated indoor swimming pool. 35 units at this price must be a snip.
You will love the setting of this motel, established grounds with units over looking a park. 16 units consisting of Studio, One & Two bedroom units plus conference venue, comfortable three bedroom home large living rooms ideal for a family. Separate motel kitchen & laundry linen cleaned on site.
Vendor will sell Leasehold $560,000 (+gst if any) negotiate new 30 year lease 15 units, 3 Bedroom Home
Looking for Freehold Going Concern for sale $2,400,000
Located on main road near Trentham train station. Strong demand of accommodation from corporate trade plus quests working in the area. Trentham Motels enjoy a high occupancy this shows with income per unit exceeding $28,500 ex gst. New 30 year lease, realistic rental, Looking for a busy motel this is the business for you. The asking price returns 24% on capital invested.
Opportunity to purchase a motel lease in busy Petone 19 units, 11 Units with full kitchens 8 units with Tea/Coffee making facilities plus microwaves. new lease, trading with a 72% occupancy. The Lessee has constantly reinvested capital into the chattels & the complex. 3 Bedroom managers residence.
Vendor is prepared to negotiate with a prospective buyer - If there is a vacancy at this complex, guests will stay here:
After 15 years of ownership, owners have placed there motel on the market.
"FOR SALE" LEASEHOLD $360,000 FREEHOLD GOING CONCERN $1,400,000
14 units motel 3 bedroom managers home with private courtyard. The motel has been desgined with excellant unit configuration 8 Studio, 5 One Bedroom & 1 two bedroom units. New 30 year lease realistic rental swimming pool for those hot Hawkes Bay days. The Vendors have placed the business on the market at a most realistic price, great opportunity to enter the tourist trade.
23 Motel units 9 Studio. 10 One & 4 Two Bedroom units all ground level and self contained + Conference Venue 5 Bedroom home long term lease. Separate motel Kitchen & Laundry plus guest laundry. The complex has been designed to accommodate large and small groups plus the general travelling public. Guests park their vehicles in front of the units.
Vendor says find me a buyer they will consider offers over $700,000 they are serious about selling, as they have a new venture they wish to commence. From the moment you see this complex you will want to own the business. Modern 26 Units + Conference Venue First class chattels installed throughout, Long term lease 30 years with the right to extend a further 5 year and realistic rental has been fixed for the next 2 years.
"Sole Agency" - Bridge Motor Lodge & Caravan Park: just south of Bulls where 15,000 vehicles passing the front gate every day. Provides accommodation 12 motel units consisting 4 Studio, 4 One & Two Bedroom units, 12 Powered caravan parks, 3 Back-packer Cabins, & Tent sites. Fully equipped camp kitchen & Lounge for campers.
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.