Home and Income for less than the price of a house

2 Puke Road, Paeroa, Waikato, New Zealand

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Property Description

This motel business is priced at $190,000 which is well below the price for just an average house these days. What an opportunity to get both an income and somewhere to live at this price.
The motel is located in Paeroa only 50m from the rail trail and within easy walking distance to the heart of town with its famous cafes, restaurants and antique shops. A perfect stop for the varied motel guests. Providing them with older style but very clean and comfortable accommodation the motel has found its niche market.
Ten units consisting of 8 studios and 2 one bedroom units produce a good income and steady business. The motel is older and although in good condition to be able to just carry on as is there is also plenty of scope for improvement and to put your personal touch on the property.
If you are looking to get ahead but not sure how in the current market this may be just the opportunity for you. A motel with the possibility of being run by one person, a good income and a secure place to live at this price is very seldom available. Call now for further information which could get you one step further up that ladder of success. This lease business is priced plus GST if any.

Basic Details
Property Type : Lease Business
Price : $190,000
Address Map
Street Number : 2
Street : Puke Road
Country : New Zealand
Regions : Waikato
City : Paeroa
Lease Business
  • Visits : 90 in 74 days
Contact Broker
Kathie Shepard
John Griffin Realty
927 Hakarimata Road
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