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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 Live 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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 Near 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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 Living 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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 Highest 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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 Looking 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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 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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 Located 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 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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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 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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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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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.
Copyright © 2010 McCrae Real Estate Limited - Licenced Real Esate Agent REAA. All Rights Reserved.