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 

Come to the Castle

When you view this motel you will love it,
Location : Manawatu

SOLD BY McCrae

20 Units of Executive Accommodation in Central City

After 10 years of ownership, the owner wishes to sell their business. They have maintained the property to a very high standard of presentation with 20 units comprising 9 Studio, 7 One Bedroom and 4 Two bedroom units + Conference Venue is in constant demand from Govt Departments. Inlcudes a 4 Bedroom family home with living rooms at ground level. Separate motel kitchen & Laundry. All chattels owned. 25 years on the Lease. High Speed Internet, Sky T.V.

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.

Braemar Palmerston North

Strong street appeal

Sold By McCrae

Vendors are serious about selling reduce the price by $100,000

You will be proud to own this motel leasehold of Braemar Motor Lodge in Palmerston North:  20 units conprising 13 Studio, 6 One Bedroom, 1 Two Bedroom units and a 4 Bedroom home Private with courtyard off the living rooms + internal access garage. 27 years on the lease, next rent review 2021. Buying this business will assist the vendors to shift to the South Island.

8 Units Levin

Here is an opportunity

Owners change their thinking and will sell 8 units with other options for the buyer. Great location in the CBD of Levin. 8 units comprises of 5 Studio, 3 One bedroom + owners accommodation 

Oak Estate Lodge (Leasehold)

"The Vendors offer 35 year new lease, cheap rental": Thats for starters. 13 units consisting Studio, 1 & 2 Bedrooms and Conference venue designed to accommodate guests. 3 bedroom home separate office, living room opens onto northerly facing fully fenced lawn. This is a great opportunity to own a business within easy distance from Wellington, Masterton & Martinborough. Live and work in the Historic village of Greytown where the Victorian architecture still lines the main street.

Oak Estate Lodge (Investment)

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

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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