Restored Back to New
Restored Back  to New
Vendor Ready To Sell

Restored Back to New

Completely Refurbished Ready to Go

New to the market don't hesitate enquire today. 12 Unit Motel 6 Studio, 6 One Bedroom located near public hospital on a main thoroughfare into Whanganui. Easy to managed first class presentation thoughout, all chattels owned & near new.."Lockdown" has not held this motel business back operating with an occupancy of 80%. Only corporate and travelling guests accepted.. 

Separate motel laundry new drier has been installed. Linen sheets cleaned & hired from laundry company. Vendor after a short ownership and completed refurbishment of the units plus the home. The business is on the market at a realistic price. The stage is set to increase turnover. Here is the opportunity to just buy and run the business, no deferred maintenance.

Rental is fixed till February 2023. Lease term 21 years expires 31st January 2040.  Ideal as a first motel business or experienced moteliers. Buyers looking for a sound motel business with potential to increase turnover must take the time to inspect Fiesta Motel you will not be disappointed.  Don't delay contact McCrae

 Address

  • 56 Heads Road Whanganui

 Contact

  • 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.

great location immaculate presentation whanganui

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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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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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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.