Feilding Motel Investment
Sold By McCrae Real Estate
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.
Here is a great opportunity to purchase a freehold motel investment rental $130,000 + GST, rent is fixed at a sustainable figure, reviewable January 2025 plus adjoining house property returning $500 per week. Annual return $156,000 + GST. Feilding enjoys a constant demand for accommodation from guests attending Manfeild racetrack, Central District Field-days, Corporate trade. serving the farming industry and Feilding town. For further information contact Specialist Motel Broker Malcolm McCrae
Details
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Units: 13 Units Plus 3 Bedroom rented House
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Region: Manawatu
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Listing ID: m847
Location
1 Fergusson Street Feilding New Zealand
Agent
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