Motel Freehold – Net Rental – one of Taranakis’ Stronger Investments

Freehold Motel Passive Investment

Motel freeholds offering strong, passive investment, are challenging to find. Freehold motels such as The Park – modern, 4-star quality, and just on 15 years old, seldom come to the market.

This Taranaki property was developed by a forward-thinking motel owner/operator who went on to develop further bespoke properties in the region. This top-class investment should be appealing to an astute investor seeking consistent returns from net rental investment. Repeat, predominantly corporate guests provide the backbone of business sales, ensuring rent is paid on time, every time by an experienced lessee.

No expense was spared in the construction of this appealing, low-maintenance 18-unit motel sited on 2972+m². The Park Motel is in a high-profile location on the main ‘motel mile’.

• Landlord enjoys Net Rental– all outgoings paid by the tenant plus 5% maintenance fund
• 4 Star + Motel - Quality construction
• Strong Lease with dependable lessee business operators
• 18 spacious units plus 2-storey, 4-bedroom owner’s home and garage
• Motel kitchen and meeting room
• Attractive architecture, with great road appeal
• High profile main road location
• All business operating costs, utilities, building insurance and maintenance is paid by the lessee

Please complete the online Enquire Now form to initiate your enquiry and call Lindsay Sandes, Links Accommodation specialist

To find out more, go to linkbusiness.co.nz/EL03538 and press the “Enquire Now” button to complete an online confidentiality agreement.

Lindsay Sandes, 021 895 940, lindsay.sandes@linkbusiness.co.nz

***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.

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Agency reference #: EL03538