Oak Estate Lodge (Investment)
Sold By McCrae Real Estate
Vendor has place the freehold investment on the market to shift to a larger motel complex in the South Island. Oak Estate Motor Lodge consists of 12 units + Conference Venue designed to be utilised as an extra motel unit. Vacant parcel of land to extend the motel complex. Modern designed with strong street appeal
This is a passive investment with a tenent in place, 35 year lease, income $105,000 + GST, Rent reviews 2 yearly. 4,724 sqm Fee Simple parcel of land Great location on the main thoroughfare into Greytown. This is an ideal purchase for a Trust or investment at a better rate than a Bank.
Details
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Units: 13
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Listing ID: m784
Malcolm McCrae
Malcolm McCrae is the principal of McCrae Real Estate Limited, MREINZ, REAA Licensed Agent
Malcolm (AREINZ) is a Licensed Agent REAA and has over 33 years experience selling real estate, the last 15 years specialising in the motel industry. Allied Member of the Motel Association of New Zealand and Approved Consultant of Hospitality New Zealand.
Email:
Phone : +64 6 3577743
Mobile : +64 274 462 987
