Motel for Sale Masterton

Description

Rare to the market is the opportunity to purchase the land and buildings of a motel in Masterton.With a 25-year lease in place ending May 2051, the lessee pays the rates, insurance, services and utilities. This creates a low-management ownership structure.There is plenty to like about the Discovery Motor Lodge Masterton. The property includes 17 ground floor self-contained units, a conference room overlooking the outdoor swimming pool, and managers accommodation consisting of three bedrooms and two bathrooms. Additional facilities include kitchen, laundry, storage areas and courtyard parking.The Discovery Motor Lodge is located within the industrial heart of the region, while also being close to the Masterton CBD.Masterton is the largest town and business hub of the Wairarapa Region, located approximately 100 km northeast of Wellington. Known for its warm climate and relaxed pace, the town features a central business district, Queen Elizabeth Park, and access to surrounding vineyards, supporting its role as both an agricultural and cultural centre.Please note that some information may have been sourced from RPNZ, Property Guru and Land Information New Zealand and has not been independently verified. Boundary lines shown on images are indicative only.Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement included in the Information Memorandum.