Recently Sold

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 

Bentleys Motor Inn

Premium Accommodation ,
Location : Manawatu

SOLD BY McCrae 

Buyers looking for a larger motel investment Price                                                                                           26 Unit motel complex + Squash court, guests just love early morning work out in the fully equipped Gym. All units ground level providing the comforts of home. Long term 35 year lease in place, 3 Bedroom family home handy to schools. Motel Investments are rarely available for purchase act today contact McCrae 

Timandra Motel

Freehold Going Concern ,
Location : Taranaki

SOLD BY McCrae

Like to own your own motel this could be it. 7 Plus spacious two stories house 3 Bedrooms or could be 4 Bedrooms. Large parcel of land 3,809 sqm. units comprise of 3 One Bedroom; & 4 Two Bedrooms. This complex you could utilize as home & income, location is near the centre of the city, easily managed by one person.

Like Brand New

You will love this complex,
Location : Manawatu

SOLD BY McCRAE

While NZ was in Lockdown owners refurbished their motel interior and exterior. 16 Ground level units, 11 Studio , 5 One Bedroom units, two units with inter connecting internal doors ideal for large groups, comfortable three bedroom home internal access garage,  New 25 or year lease, realistic rental, Landlord done all the work just buy and run the business. Can be purchased with a 30 year lease price $450,000 + gst if any

Viking Lodge Motel

Freehold Going Concern / Leasehold,
Location : Tararua

Sold

This is a Opportunity Freehold Going Concern  13 ground level units 3 Bedroom home. Vendors completely refurbished throughout. Located in the CBD of Dannevrike State Highway 2. Viking Lodge Motel is a consistent income earner and enjoys a high occupancy. 2019 income exceeding $24,000 ex gst per unit. With the future looking very sound with large public works about to commence.

 

Restored Back to New

Completely Refurbished Ready to Go,
Location : Manawatu

New to the market don't hesitate enquire today. 12 Unit Motel 6 Studio, 6 One Bedroom located near public hospital on a main thoroughfare into Whanganui. Easy to managed first class presentation thoughout, all chattels owned & near new.."Lockdown" has not held this motel business back operating with an occupancy of 80%. Only corporate and travelling guests accepted.. 

Brougham Heights

Looking for a larger motel this is it.,
Location : Taranaki

Located in the heart of New Plymouth CBD. 34 units excellent configuration of Studio, One & Two Bedroom units Plus Conference Venue. 3 Bedroom family home including sunny private court yard. Quality fixture and fittings throughout, Large items of lineen cleaned by laundry company. Looking for a larger motel this is it.

Please view our current listings here

Investment

Investment

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

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Leasehold

Leasehold

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.

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Freehold

Freehold

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.

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