"Opportunity Knocks" rarely with a Quality Land & Buildings Investment Option like this!!!

** Over 7% return on asking price! **
 
   Compare!...Bank interest rates are low...or impressive passive return via this secure registered long lease.

Following the earthquake disruptions, the current vendors have impressively
   re-established and grown this business.  Having now sold the lease they are looking to move on to another project.  This provides to the market a very favourable commercial investment for the discerning astute investor.

 
Large 2,094 square metre site in two titles with prominent street frontage.
Great location on Cranford Street, the main northern arterial road in to the city.
10 min from Airport, 5 min to City, handy to numerous restaurants & local shops.
14 unit motel & cottage complex in spacious pleasant garden setting.
8 private, sunny, quality, near new stand alone cottages.
Each is north facing, self-contained with superior chattels and own veranda.
6 separate established, refurbished and well maintained studio and one bedroom units.
Bonus extra private 15th ensuited studio unit or 4th bedroom of residence.
Substantial, modernised owners home with reception.
Potential "extra" investor benefits regarding depreciation of cottages.
Favourable future redevelopment options underpin this valuable site.
Genuine investors need to explore this motel land and buildings opportunity now!
Price - Land & Buildings Investment $2,045,000 plus GST if any.