Racecourse Motel Price on Applicationplus GST (if any)

OVERSEAS VENDOR, SAY “SELL!”

Here is an ideal opportunity to purchase a well-maintained 10 unit motel with a passionate and caring tenant at a realistic price. Overseas vendor instruction to us is for purchasers to present all offers. The vendor is motivated enough to have the asking price well below the CV of $1.8M.

The motel has a long lease and will suit an astute investor or a family trust.

Racecourse Motel is located right opposite the old racecourse in Paeroa which is planning for a large development. Link to an article in the Valley Profile Coromandel. https://www.valleyprofile.co.nz/2023/07/13/former-racecourse-developments-impact-on-modern-paeroa/

Land area: 1877 sqm MOL on two titles

Final Expiry Date: 27 February 2050

Rent: $90,000 per annum plus GST

Motel consists of 10 units:      

• 8 x Studio units
• 2 x One-bedroom units

Manager’s Accommodation:

The manager’s accommodation consists of a separate three-bedroom house with a motel reception.

For more information, please fill in your details below.

Disclaimer: The information on the website and associated documents have been provided by third parties and while every care has been taken in the preparation, we do not accept any responsibility for the accuracy of the whole or any part. Interested parties are advised to make their own inquiries and satisfy themselves in all respects.