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
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
Strong Street Appeal
Looking for a larger motel 26 units plus 4 bedroom home centre of Palmerston North this business is for you. Comprising Squash Court, 7 Studio, 6 One Bedroon, 4 Two Bedroom Plus 9 Executive units. Units have either Double Spas or separate show box showers. Interior of the units have been newly renovated, 32" Flat Screen TV, Sky 50 + channel decoder installed, well equipped kitchens, Quality bedding, offers all the confort of home.
Bridge Motor Lodge & Caravan Park: just south of Bulls where 15,000 vehicles passing the front gate every day. Provides accommodation 12 motel units consisting 4 Studio, 4 One & Two Bedroom units, 12 Powered caravan parks, 3 Back-packer Cabins, & Tent sites. Fully equipped camp kitchen & Lounge for campers. Price reduced $100,000
Freehold Going Concern
Buyers looking to own their own motel "STOP" and look here the Vendors are serious about selling.
A large development is about to commence construction near Stratford which will create a demand for accommodation in Stratford. With bank mortgage rates the lowest for 50 years, now must be the time to buy.
18 Refurbished motel units + 3 Bedroom home complete with private court-yard, Large swimming pool + fully fenced children's play ground. All this with a new 30 year lease realistic rental. Located on the sunny east coast Napier
Established Client Base
Main Highway location plus town centre handy to shops, restaurants & cafes. 12 motel units consisting of 6 Studio, 6 One Bedroom plus 3 Bedroom owners home all ground level. Realistic rental plus long term lease. Showing a ROI of 22%.