Hamilton, North Island

Hamilton Motel - Freehold Investment

Land and Buildings Price on Application

Business Description

This is an opportunity to purchase a land & building investment in a tightly held strategic Hamilton location.

These investments offer a number of advantages over other types of commercial and residential property investment. Long secure leases for which the lessee has paid a healthy ingoing price, net rental with most outgoings and expenses paid by the lessee, including rates and insurance.

A separate article outlining our thoughts on this matter is available at www.coffeys.co.nz/News-Articles/Motel-Land-Building-Investments.

This outstanding motel features 29 units, a small conference room and spacious owners' accommodation with solid concrete construction throughout.

The complex has just been repainted on the outside and the interior repainting and refurbishment is well underway.

There are rent reviews every three years with the last review completed 7 June 2023. We have a Rental Valuation and a Seismic Assessment on file and these together with rental returns are available on receipt of a Confidentiality Agreement.

The motel has a long term very experienced lease operator currently running the complex.

Quality investments in this city are rarely offered to the market and we would recommend exercising a thorough and expeditious assessment without delay.

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 & Buildings of this Motel for sale in Hamilton via our website or by phoning CHRIS D'ANVERS on ---------- , DDI ---------- or ---------- .

Business Summary

Key Investment Insights

1. Opportunity to purchase a land & building investment in a strategic Hamilton location.
2. Advantages of motel land & building investments over other types of commercial and residential property investments.
3. 29 unit motel with conference room and spacious owner's accommodation.
4. Recently repainted exterior and ongoing interior refurbishment.
5. Rent reviews every three years with the last review completed in 2023.
6. Rental valuation and seismic assessment available upon receipt of a confidentiality agreement.
7. Experienced lease operator currently running the complex.
8. Rare opportunity to invest in a quality property in Hamilton.
9. Confidentiality agreement required for further information.
10. Information sourced from reliable sources such as RPNZ, Property Guru, and Land Information New Zealand.
11. Information Memorandum available on the website.
12. Enquiries can be made through the website or by contacting Chris D'Anvers via phone or email.
Listing location
Gallery

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