Like Brand New
Like Brand New
Just Buy and Manage the Business

Like Brand New

You will love this complex

SOLD BY McCRAE

While NZ was in Lockdown owners refurbished their motel interior and exterior. 16 Ground level units, 11 Studio , 5 One Bedroom units, two units with inter connecting internal doors ideal for large groups, comfortable three bedroom home internal access garage,  New 25 or year lease, realistic rental, Landlord done all the work just buy and run the business. Can be purchased with a 30 year lease price $450,000 + gst if any

Central city location handy to all shopping and sporting facilities. Studio and 1 Bedroom units, 2 units with interconnecting doors ideal for larger groups. Units have been fitted out with heat pumps 7 units with spa baths, new TVs, new carpet. This city enjoys a constant demand for accommodation from corporate trade, tradesman working in the area plus the general travelling public.staying over-night like this accommodation.. Buyer's looking for an up market motel business this is for you.

 Address

  • Whanganui
    240 St Hill Street

 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 modern complex spa baths

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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.