Napier, North Island
Napier Motel Land and Buildings Investment
Land and Buildings $6,585,000
Business Description
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.
Business Summary
Key Investment Insights
1. Prime location just off State Highway 2, 200m from Westshore Beach, and within walking distance to Napier CBD, supporting diverse demand sources.
2. Freehold land and buildings on approximately 3,025 sqm, offering substantial scale and redevelopment or expansion potential.
3. 35-unit motel with a mixed unit mix including studios, premium studios, one-bedroom and two-bedroom suites, enhancing market segmentation.
4. All units are air conditioned and recently upgraded to a high standard, reducing immediate capital expenditure for a new owner.
5. Long secure lease in place through to 31 March 2054, providing predictable rental income and low operational landlord risk.
6. Advertised as being in excellent condition, underpinning the stated strong rental yield.
7. On-site revenue-generating facilities include a motel kitchen and bistro, supporting F&B income and guest convenience.
8. Leisure amenities comprise a swimming pool and spa complex, adding guest appeal and length-of-stay potential.
9. Operational infrastructure includes motel and guest laundries, plus ample off-street parking with truck spaces, supporting corporate and commercial clientele.
10. Regular repeat corporate clientele cited, suggesting stable occupancy and strong tenant performance.
11. Property includes a large, spacious four-bedroom home with generous living areas, providing owner/manager accommodation or additional leasing options.
12. Attractive outlook with views over the Ahuriri Wildlife Estuary Reserve and walkways, enhancing guest experience and marketing appeal.
