Napier Motel Land and Buildings Investment

Napier City
Reference: HB990
Motel / Motor Lodge
Land and Buildings $6,585,000

Located just off State Highway 2 the main arterial into Napier, and just 200m from the popular Westshore Beach, and walking distance into the CBD, this motel caters to a range of clientele including many regular repeat corporates ensuring your lessee's success.

Boasting a generous 3,025 (more or less) sqm of land & 35 units, with size comes scale, and an attractive investment opportunity.

An excellent rental yield is what is presented here, with this freehold motel in excellent condition, in a top strategic location with a long secure lease through to 31 March 2054.

The 35 units include studios, premium studio’s, one bedroom & two-bedroom suites. All units are air conditioned and have recently been upgraded to a high standard. Facilities include…

- Motel kitchen
- Bistro
- Swimming pool, & Spa complex
- Motel laundry, guest laundry
- Ample off-street parking, including space for trucks

An aspect worth consideration is the large spacious four-bedroom home with generous living areas that comes with the freehold investment.

The motel has a lovely aspect and enjoys views over the Ahuriri Wildlife Estuary Reserve and its pleasant walkways.

If it is a freehold investment motel, in a major city with a long secure lease, strong rental yield, size, & superior location, then this is the opportunity you have been looking for. Call me now to discuss.

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.

An Information Memorandum is available to download from our website coffeys.co.nz.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum.

We would welcome your enquiry via this website or direct to CHRIS D’ANVERS.