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Motel Te Kuiti
Motel Te Kuiti
SOLD

Units :

12

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%.

Situated in Te Kuiti where tourist holidaying guests stay to explore Waitomo Caves drive to Mount Ruapehu skifields. The area offers plenty of attractions for tourism & outdoor walkways + cycle trails not to over look the steady corporate guest trade. For buyers looking for an established easy to manage motel must inspect this motel complex new to the marke.

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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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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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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.