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mccraeMcCrae Real Estate Limited MREINZ is a hospitality business and investment broking service specialising in the motel industry in whom you have total confidence.

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Manawatu Motel Association Life Member

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Home Leaseholds
Leaseholds

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.



Over look the Square

for leasethumb_m6074Live in the centre of Palmerston North. 40 units consisting of 16 Studio, 24 One bedroom apartments several apartments designed to create self contained two bedroom apartments. The apartments opened June 2008 to provide quality accommodation in central city. Currently trading with a 70% occupancy. An opportunity to join a national network.

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Getting Better By The Day

for leasethumb_m6083Near New Getting better by the day:Opened January 2009. 35 superior self-contained Family, Studio, Access & inter connecting suites. 5 Star Qualmark rated complex. New 30 year lease, all the modern facilities have been designed into this complex. New to the market.

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Kapiti Coast
for leasethumb_m6026Living in Kapiti Coast like an extra $38,000 income: Consider this 8 unit motel easily managed by one person. Excellent occupancy. Vendor has reinvested into the business complete with flat screen T.V's + Broadband. Take the time to inspect this proposition.
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Five Star Qualmark

for leasethumb_m6003Highest Qualmark rated motel in Wellington region: 17 units + interview room, 25 year lease. Designed to offer guests total privacy, individual courtyards & balconies, The latest building techniques, materials & chattels used throughout. Ensuring guests enjoy total comfort.

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Modern Complex 18 Units
Imagethumb_m5871Looking for a near new motel: How about this in Taranaki which enjoys a high occupancy. 18 Units plus Conference Venue all ground level, 4 Bedroom home with all the mod cons, private court-yard, lockup garage for the Lessee's car.
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The Chancellor

thumb_m5902Image New to the Market The Chancellor: 18 Units 10 Studio, 6 One Bedroom, 2 Two Bedroom, plus Conference Venue separate motel kitchen & laundry, Comfortable 4 Bedroom home. lock up garage. The Location enables guests a comfortable walk to city centre.

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Central Wellington

for leasethumb__6041mLocated in Central Wellington:  8 Studio units, ideal for a couple with a spouse working off site.  After 8 years of ownership the Vendor has no choice but sell. They have priced the Leasehold to sell.  A forward thinking buyer will see great opportunity, this proposition offers an extra income with accommodation for the lessee. Check the asking price.

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Rotorua Spa
for leasethumb_m5835Rotorua Motel 17 Units + 4 Bedroom Home: Vendors reluctantly place there Leasehold Interest on the market they wish to move on. 10 units with private spa pools, 4 separate apartment units complete with lockup garages. Linen cleaned by laundry company.
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No Recession Here

for lease

thumb_m4892 10 Immaculately presented motel units easily managed by one person, central city location. If you are looking for a very tidy motel at a most realistic price you must arrange an inspection, you will not be disappointed.  Look at the asking price. The Vendors have priced this business to meet today's market. 28.8% Return on Capital Invested

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Larger Motel Complex

Imagethumb_m5986Larger Motel Complex 39 Motel units + Conference Venue complimented with a Restaurant & Bar. New 30 year lease with rent reviews 2 yearly. Situated opposite the Palmerston North Public Hospital. As the complex is close to the hospital guests find this very convenient when visiting the hospital. 

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Outdoor Adventure
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Image National Park Calling all outdoor adventurous people this business is for you. 27 rooms providing accommodation, hire of ski equipment, tramping clothing & mountain bikes, all keenly sought after by outdoor pursuit members of the public. Communal kitchens guests prepare their own meals. 23 years on the lease.

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