Antonio Mews
Antonio Mews
SOLD

Antonio Mews

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.

14 Units comprising 8 Studio, 4 One Bedroom, 2 Two Bedroom units 3 Bedroom managers home lock up garage plus vacant land to extend the complex. All units ground level this is one of the better motels for sale in Taranaki. A member of the ASURE Accommodation Group Antonio Mews is one of three motels in Stratford.

Oil exploration within the district, strong corporate clientele, along with the travelling public creates strong forward bookings. Guests often book for extended periods of accommodation, there is no quiet periods with this motel. Several units with spa baths + wireless broadband installed. Linen hired and cleaned by a laundry company. Recently refurbished, constructed from low maintenance materials.

This complex is located on State Highway Three enjoys a high occupancy from the developments within the district the buyer of Antonio Mews can purchase the motel with confidence. Buyers looking for a motel with a constant income must give this motel serious consideration.

With the economy looking sound, mortgage rates lowest for years, Vendors serious about retiring, the time is right to inspect and purchase this Freehold Going Concern.

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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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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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Disclaimer

The property information has been prepared from information supplied by the owners. Every precaution has been taken to establish the accuracy of the material. No responsibility or liability is accepted by McCrae Real Estate Ltd (Licensed Agent REAA 2008) its principal, agents or employees. Prospective purchasers should make their own enquires and satisfy themselves as to all aspects of this material.