These properties were recently sold by McCrae Real Estate and are here for reference purposes only, they are not for sale. If you'd like to see other properties, please view our For Sale listings. Otherwise contact Malcolm McCrae
Passive Freehold Motel Investment consisting of 13 Units plus adjoining 1,105 sqm section self contained rented house. Located within 3 minutes walk of central Feilding. Asking price $2,800,000, motel & house are on separate land titles.
Modern 20 Units Leasehold for sale Vendor has placed his motel business for sale offers a 28 year lease expiring 2049. Situated on a main entrance into Palmerston North. 20 Unit consists of 16 Studios, 2 One Bedrooms. 2 two Bedroom Mezzanine floor units. 3 Bedroom managers apartment.
Located on one of the main entrances into Palmerston North providing superior accommodation to the corporate trade plus the general travelling public.
New to the market - Great location on Kapiti Coast 12 Units 7 Studio, 4 One Bedroom, 1 Two Bedroom 3 Bedroom Home living rooms open onto a private courtyard. With large redevelopment work under construction or proposed within the area the future of this motel business is assured. Vendor has kept the maintenance of the motel complex up to a very high standard.
Don't lease own it: 9 Unit motel "For Sale" as Going Concern Landlord may sell a Lease.
Motel to enter the motel Industry or an extra income Great opportunity for buyers living in the Rangitikei District 6 motel units no deferred maintenance. Comfortable 2 bedroom home open plan living room opening onto a private courtyard. Marton Motel enjoys a constant demand for accommodation.
Motels offer an excellent commercial investment. 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
A freehold going concern can be a versatile option, offering much potential for future expansion. A Freehold property is one in which the motel land and buildings are sold along with the business as a going concern, the business goodwill and motel chattels.
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.
