Motel Freehold for Sale in Manukau City

This morning reserve bank brought down the OCR by another
1.5%. The OCR now stands at 3.5% and according to experts
is expected to go down further to between 2.5% - 3.0% in
the coming months. There are some who are predicting that
OCR may head even further South to less than 2%. This is
likely to bring down the cost of borrowing to less than 5%
in the near future. At these mortgage rates any property
you buy in today's market will be a positive cash flow
property before tax and depreciation even at 100% finance.

We have a brand new motel for sale in Manukau city. It has
a new 30 years lease to an experienced operator. Some of
the salient features of the motel are:

* Brand new - 36 rooms
* Rent - $289,690 + OPEX + GST
* 30 Years lease from 21/08/2008
* Land -1660 m2 Freehold
* Strong experienced tenant

This motel is a new concept budget motel which has
considerably lower room rates than a traditional motel.
This motel is likely to do exceedingly well in the current
market where business/ holiday travelers are looking for
bargains.

I spoke with the vendor earlier today. He is currently
looking at an offer but nothing signed as yet. The property
is listed at $3.4m which shows a return of 8.5%. You will
need to move fast if you wish to secure this property.



Best regards,
Colin Kumar
c.kumar@barfoot.co.nz
WE LOVE SELLING AUCKLAND

Top Home Business 2008:
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
into ONE Super Powered Profit Pulling Machine:

http://www.wealthonlineguru.com