Passive Property Investment with Further Potential

Waitaki
Reference: OS337
Investment Property
Land and Buildings $5,200,000

Passive income from two separate commercial leases, plus Resource Consent to separate an additional parcel of mostly vacant land of 6,911 square metres zoned residential, with access to State Highway one. Potential here?? (Please note that we have not made enquiries with the local authorities in relation to consenting matters.)

A 35 year registered lease will be in place for the motel and a separate 18 year (6x3) ADLS lease for the entertainment and restaurant complex. Both businesses have a long history in Oamaru.

A total parcel of land 15,281 sqm in a very high profile location.

The two businesses are currently leased at a combined rental of $346,651pa plus GST and outgoings.

Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.

We would welcome your enquiry on the Land and Buildings of this Motel and Entertainment Complex for sale in Oamaru via our website or by phoning JOHN CONNELLY on 0800 263339, DDI 03 550 0520 or 021 880 881.

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John Connelly

John Connelly has been involved in the Real Estate Industry since 1988 and has sold property in New Zealand, Australia and Fiji. He has also had business interests and experience in Tourism, Property Development, Business Management and Farming.

His tourism experience is broad, having owned and operated a number of accommodation and hospitality businesses. These include a 42 unit Motor Inn in Christchurch, Management Rights (92 units) on the Gold Coast, an Island Resort in Fiji ,as well as a Cafe & Restaurant/Bar in Christchurch.

John understands and relates well to people, having a common sense approach to business propositions, along with strong communication and negotiation skills. He welcomes new clients with property or businesses to sell and will work diligently with them to transact a successful sale.