FREEHOLD LAND and BUILDING WITH INCOME

- Budget Motel and Property
- Freehold 2,460sqm on Te Rapa Road
- Income from tenant of $75,000pa
- Substantial well located property
- Redeveop or Renovate

This property consists of a 2,460sqm section with a large multi-level budget motel and spare property for development options. The motel is leased for $75,000pa until 31/10/2015. There are many options for this site - develop while there is still a good income, or renovate and expand.

This is a well located property with great potential. It is excess to the vendor's portfolio and we have been instructed to sell.