An Affordable 15 Unit Motel

Hastings
Reference: HB657
Motel / Motor Lodge
Business Lease $875,000

Well located and handy to the Hastings-Napier motorway, Hawkes Bay Hospital, Aquatic Centre, Sports Park, Splash Planet, Frimley Primary School, Lindisfarne and Hastings Girls High School.

This motel has 15 units, one 2-bedroom, six 1-bedroom and eight studios. All the units are spacious and designed for guest's comfort; the larger units have full kitchen facilities.

The bonus is the large investment the current owners have made in last two years to ensure the standards are maintained.

There is a motel laundry, guest laundry, children's playground and a swimming pool.

The residence has three bedrooms plus a possible fourth currently used as bedding storage. A new kitchen & bathroom and owners will enjoy the private backyard with fruit trees.

A great entry level motel that is priced to sell, this is a great opportunity to purchase a well-located business in a busy Hawkes Bay city.

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 Business Lease of this Motel for sale in Hastings via our website or by phoning PETER MCGRATH on 0800 263339, DDI 06 929 7681 or 027 449 1608.

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Peter McGrath

Peter’s early career was in farming before new challenges where called for. The first of these was the development of a large and successful hydroponic rose growing enterprise, followed by a career shift to satisfy a long time interest in real estate.

Back to University to polish his professional skills and knowledge, he gained a Post Graduate Degree in Business Studies (Real Estate). He has run his own agency and sold residential, lifestyle and rural properties. Peter is excited to be on the Coffeys team and is confident of good times ahead in the tourism market.

Communication is key to Peter’s success. He is a people person, a lateral thinker and always assists his clients with sale process while striving to achieve the best possible outcome. Knowledge of property, marketing skills and a no stone unturned attitude enable him to find the best match for buyers and sellers.

Peter and his wife Jo have raised four children and now have four dearly beloved grandchildren. If any spare time is available, Peter will grab a fishing rod or brush the dust of the golf clubs.