Napier Fern

Napier Fern

SOLD

Napier Fern

Completely Refurbished

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%

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Investment

Investment

Motels offer an excellent commercial investment. A Investment property is one in which the land and buildings are leased to another party and income generated from the motel lease. There is no operational involvement in the motel

Leasehold

Leasehold

Most motels in New Zealand operate by way of a lease. As you may already know, it is a rewarding and interesting lifestyle. A leasehold is the lease of the motel land and buildings and a leasee is buying motel chattels, the business goodwill, business lease and the right to operate as a motel for a set period of time.

Freehold

Freehold

A freehold going concern can be a versatile option, offering much potential for future expansion. A Freehold property is one in which the motel land and buildings are sold along with the business as a going concern, the business goodwill and motel chattels.

Disclaimer

The property information has been prepared from information supplied by the owners. Every precaution has been taken to establish the accuracy of the material. No responsibility or liability is accepted by McCrae Real Estate Ltd (Licensed Agent REAA 2008) its principal, agents or employees. Prospective purchasers should make their own enquires and satisfy themselves as to all aspects of this material.