Viking Lodge Motel
Viking Lodge Motel
This is a Great Opportunity Freehold Going Concern:

Viking Lodge Motel

Freehold Going Concern / Leasehold

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This is a Opportunity Freehold Going Concern  13 ground level units 3 Bedroom home. Vendors completely refurbished throughout. Located in the CBD of Dannevrike State Highway 2. Viking Lodge Motel is a consistent income earner and enjoys a high occupancy. 2019 income exceeding $24,000 ex gst per unit. With the future looking very sound with large public works about to commence.

 

Viking Lodge offers the opportunity to own your own motel no rent just pay the mortgage. 1,820 sq.m of freehold land plus on site three main buildings. The buildings comprise, 3 Bedroom owners accommodation totally refurbished, large block of 10 units with a 2nd block of 3 units on the eastern boundary also refurbished. Small recreational shed for outdoor BBQ's for guests get togethers. Vendors have placed Viking Lodge Motel on the market as they wish to retire.

Dannevirke is centrally located situated 45 minutes drive from Palmerston North, 1.5 hours drive to Napier, 2 hours drive to Masterton 3 hours drive to Wellington. Buyers looking to own their own motel do not hesitate this is the opportunity you have been looking for a Going Concern  For further infoformation contact Specialist Motel Broker Malcolm McCrae 06 357 7743 mob 0274 462 987

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  • Malcolm McCrae

    Malcolm McCrae

    Malcolm McCrae is the principal of McCrae Real Estate Limited, MREINZ,  REAA Licensed Agent

    Malcolm (AREINZ) is a Licensed Agent REAA and has over 33 years experience selling real estate, the last 15 years specialising in the motel industry. Allied Member of the Motel Association of New Zealand and Approved Consultant of Hospitality New Zealand.

Dannevrike great location immaculate presentation 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.

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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.