New 12 Unit Motel for Sale in Kaikoura - Business Lease or Freehold Go

Located in a notable main road location close to the town centre this new 12 unit motel is due to open on 1st December 2011. Situated on 1,600sqm the motel will offer a luxurious mix of accommodation comprising studio, one and two bedroom units the majority of which will feature spa baths. The attractive aspect of the property along with the high quality of construction ensures good street appeal.
Also on offer here is a roomy three bedroom, two bathroom owner's residence with internal access to a double garage.
The Vendor will consider Vendor Finance or a Trade and the rent is tiered for the first few years to allow new owners time to establish their business. The lease is well priced at $475,000 + GST (if any) or you may prefer to purchase the freehold going concern $2,250,000
Valuation to substantiate price.
For further information contact Nick Lambert on 03 546 3575/021 661 594 or by emailing nick.lambert@bayleys.co.nz.