Oamaru, South Island
Passive Property Investment with Further Potential
Land and Buildings $5,200,000
Business Description
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 ---------- , DDI ---------- or ---------- .
Business Summary
Key Investment Insights
1. Passive property investment opportunity with potential for additional income from resource consent to separate land for residential use.
2. Two separate commercial leases in place for a motel and entertainment/restaurant complex with a combined rental income of $346,651 per annum.
3. Long-standing businesses with a 35-year registered lease for the motel and an 18-year ADLS lease for the entertainment complex.
4. High profile location with a total parcel of land measuring 15,281 square metres.
5. Some information sourced from reliable sources such as RPNZ, Property Guru, and Land Information New Zealand.
6. Confidentiality agreement and information memorandum available for interested parties.
7. Opportunity for further enquiries and information by contacting the listing agent, John Connelly, via the website or phone.
