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Investments - Freehold
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Motor Inn Investment - Ref: 233
Rotorua
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ASKING VALUE $2,400,000
Lease Rental is $186,000. Plus GST
NUMBER OF UNITS:
19 luxurious units:
(18 have guest filled spas)
8 x units are studio
9 x units are spacious one bedroom
1 x unit is two bedroom
1x Executive suite.
APPROX AGE:
The complex is immaculate and opened mid 1995.
OWNERS ACCOMMODATION:
A luxurious large home consisting of four bedrooms, separate office within the home. A large bathroom along with a separate spa pool room (Filled and emptied at each use.) Double garaging for owners cars.
FACILITIES OFFERED:
18 of the units have private spa pools in the units
(These are individually filled and controlled)
All units have either queen, King or super king sized beds. All units have individual video players, Sky TV, irons and ironing boards.
One of the large units may also be used as a meeting / mini conference room. |
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MOTEL INVESTMENT - TAURANGA. - Ref:227
86 Chapel Street
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Land Bank this investment NOW!
$1,300,000.00
Lease Rental $80,000 Plus GST.
Lease expiry 1st June 2022.
3607 Square Metres of freehold land
12 Spacious ground floor units plus 3 bedroom home.
Government Valuation as at 01/07/2009
Improvements $150,000.00
Land Value $1,110,000.00
Capital Value $1,260,000.00
Area 0.3607(HA)
Ph Geoff Hill
07- 5793577
0274-959708 |
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Freehold Investment - Ref: 131
Motor Inn Tauranga.
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PURCHASE VALUE $2.7 million
The property is on a large corner site. 0.2432 (ha)
It is on three land titles and has a GV of value $1,800,000
Capital Value $2,700,000
UNITS
20 Ground floor units.
13 units are studio and sleep 2-4 people.
[3 of which I would call deluxe studio as the bedroom is upstairs on a mezzanine floor]
6 units are one bedroom and sleep 4-5 people.
1 large two bedroom unit sleeps 4-5 people.
APPROX AGE
The motel first opened in October 1996.
OWNERS ACCOMMODATION
The owners residence is a three bedroom home. All the living is on the ground floor with bedrooms above.
FACILITIES OFFERED
The motel has conference facilities for up to 35 people.
Fully equipped kitchens
Spa baths, hair dryers, irons in rooms.
All year round gas heated swimming pool.
Spa pool
Barbecue
Fax & PC connections in the units.
Sky Television
Secure courtyard parking.
LEASE TERMS AND CONDITIONS
LEASE TERM: 30 years
COMMENCEMENT DATE: 16th June 2003
PRESENT RENTAL: $185,000 plus GST per annum.
RENT REVIEW DATE: every two years.
MAINTENANCE ACCOUNT: A figure equal to 3% the annual rental. |
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Freehold Going Concern Motel - TAURANGA - Ref:214
$1.35 Million
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Three freehold parcels of Land
Lot 21 DPS 10242 is 931m2
Lot 2 DPS 9272 is 708m2
Lot 1 DPS9272 is 721m2
Total land size 2388m2
Own Thermal Hot Water Bore.
Excellent corner site offers two street frontages
Spacious Seven unit motel & owners residence.
Each unit with thermal pool.
NUMBER OF UNITS
Total Seven spacious ground floor units.
Five are two bedroom units.
One is a one bedroom unit.
One is a studio unit.
APPROX AGE
The complex was built approximately 1977.
OWNERS ACCOMMODATION
A spacious two bedroom owners home with a double garage attached.
FACILITIES OFFERED
Each unit has its own HOT therapeutic mineral pool with a continual flow of clean water.
Guests can choose a 1 or 2 bedroom ground level unit with fully equipped kitchen, large comfortable lounge with Sky TV. |
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Rotorua Motel - Ref:209
Freehold Going Concern $1,950,000
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This awesome well cared for property has 26 units.
Guests can enjoy swimming in the pool or relaxing in either of the two hot pools. |
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Mount Maunganui - Freehold Going Concern -Ref:197
PURCHASE VALUE $3.6 million
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GOVERNMENT VALUATION.
$3.5 million
NUMBER OF UNITS
7 spacious units plus owners residence.
Four of the units are two bedroom and three are studio.
LOCATION
Marine Parade. Mt Maunganui. A brilliant location opposite the main beach in Mount Maunganui.
BUSINESS OVERVIEW
A brilliant lifestyle home and income property that should always ensure excellent income and great capital gain due to the unique location and the history of rising property values in Mt Maunganui.
The owner informs me that it is possible to add another level on top of the motel and incorporate another two units. |
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