Key Investment Insights
AI generated. Confirm details with the seller.
1. Beachfront 23‑unit motel located on Meeanee Quay, the northern gateway to Napier City, directly on the Pacific Ocean.
2. Proximity to airport, Napier CBD, Ahuriri Wildlife Reserve, cycleways, walkways and Westshore beach for safe swimming.
3. Mixed accommodation offering studios (standard, executive, premier executive), one‑bed suites (standard and executive) and two‑bed units, supporting diverse guest segments.
4. Recent refurbishment completed, indicating refreshed inventory and reduced immediate capex needs.
5. Year‑round indoor heated swimming pool, family‑friendly feature likely to boost occupancy and length of stay.
6. Onsite restaurant operating under a separate sublease, providing rental income and guest food service without operator responsibility.
7. Profitable trading history stated, positioning as an income‑generating opportunity.
8. Large, spacious 3–4 bedroom owners’ residence attached, with private courtyard, enabling on‑site owner accommodation.
9. Double garage with work bench, offering practical storage and maintenance space.
10. Notable recent price reduction and vendor motivated to sell, suggesting potential for negotiation.
11. Some listing details are confidential and require a signed confidentiality agreement to access the Information Memorandum.
12. Available as a business lease, enquiries handled via agent Damon Mackenzie and Information Memorandum downloadable from coffeys.co.nz.
