Timandra Motel
Timandra Motel
Own your Own Motel

Timandra Motel

Freehold Going Concern

SOLD BY McCrae

Like to own your own motel this could be it. 7 Plus spacious two stories house 3 Bedrooms or could be 4 Bedrooms. Large parcel of land 3,809 sqm. units comprise of 3 One Bedroom; & 4 Two Bedrooms. This complex you could utilize as home & income, location is near the centre of the city, easily managed by one person.

Situated in a quiet location providing accommodation to the corporate trade and the general travelling public. All units insulated,heat pumps installed and double glazed. House with heat pump and insulated. Great potential to increase turnover as the owners have been casual regarding promoting or advertising the motel. With the prices of houses in New Plymouth here you buy a house plus a business with great potential.

 Address

great location 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.