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 

Shadzz Motel & Conference Centre

Accommodation & Conference Venue,
Location : Manawatu

sold by McCrae

Shadzz Motel 14 motel units + Conference Venue located central city of Palmerston North.  8 Studio, 4 One bedroom & 2 two bedroom units, conference venue with separate entrance. The complex has all the comforts of home. .Offering long term lease 22 year to run,all chattels owned, 12 units with spas. plenty of parking for vehicles. Immaculatly presented throughout

Fitzherbert

Buy and count the cash flow,
Location : Manawatu

 SOLD BY McCRAE

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 Sudios, 2 One Bedrooms. 2 two Bedroom Mezzanine floor units. 3 Bedrom managers apartment.This motel enjoys a high occupancy from an established client base from corprate trade, tradesmen working in the district plus the general travelling public.Palmerston North has some large developments under construction which helps to draw guests to this motel. 

Carrington New Plymouth

Just Buy And Manage the Business

New to the market immaculately presented 16 unit motel 8 Studio, 8 One Bedroom complex located central city New Plymouth. Turnover on the increase, 22 years on the lease, Realistic rental, next rent review September 2019, separate laundry, plenty of storage, plus work station. Owner has just completed repainting exterior plus the interior of the managers home.

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

Please view our current listings here

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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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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