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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 

Motel Te Kuiti
SOLD

Motel Te Kuiti

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%.

Kiwi Court Hawera
SOLD

Kiwi Court Hawera

New 30 Year Lease

12 Spacious units with configuration of 5 Studios, 5 One Bedroom, 2 Two Bedrooms 3 Bedroom family home. This motel ticks all the right boxes offers established client base, new 30 year lease, realistic rental, high standard of presentation throughout, SKY SELECT 50+ channels, several units with spa bath. easy to keep grounds. Realistic asking price offers a great opportunity to enter the hospitality trade. 

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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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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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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