Braemar Palmerston North

Braemar Palmerston North

Designed for easy management all units ground level

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.

This complex has a lot to offer the buyer. Designed for easy management all units ground level, excellent configuration of units, provides accommodation for large or small groups, comfortable managers home, separate motel kitchen & laundry. The Lessee has maintaned the chattels and buildings to a very high standard.

Strong forward bookings combined with a great location situated on a main thorougfare into Palmerston North city. Braemar Motor Lodge enjoys a constant demand fron staff from the Public Hospital and general travelling public looking for 4 star + accommodation.

For further information contact Specialist Motel Broker Malcolm McCrae tel 06 357 7743 mob 0274 462 987

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20 Units great location immaculate presentation modern complex Palmerston North spa baths strong forward bookings

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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.

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.

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

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.