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Napier Fern

A Recently Sold Listing

SOLD

Plus GST if any

Sold By McCrae Real Estate

18 Refurbished motel units + 3 Bedroom home complete with private court-yard, Large swimming pool + fully fenced children's play ground. All this with a new 30 year lease realistic rental. Located on the sunny east coast Napier

This complex offers accommodation for the corporate trade plus holidaying public. Guests on holiday just love this motel providing actives on site for families while mum & dad relax. The Vendor has installed heat pumps with air-conditioning fully equipped kitchens, 32" flat-screen TV's, new beds & bedding, units open onto private court-yards. Now is the time to buy warm Summer days creates high occupancy. Don't hesitate to buy this motel it's easy to manage being ground level. With so many attractions in Napier guests keep returning to enjoy the environment of Hawk's Bay.  This leasehold must be great value showing a return of 24.6%

Details

  1. Units: 18

Malcolm McCrae

Malcolm McCrae is the principal of McCrae Real Estate Limited, MREINZ,  REAA Licensed Agent

Malcolm (AREINZ) is a Licensed Agent REAA and has over 33 years experience selling real estate, the last 15 years specialising in the motel industry. Allied Member of the Motel Association of New Zealand and Approved Consultant of Hospitality New Zealand.

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