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Bella Tuscany Motel

$700,000

Business Hawkes Bay

ID: 1804

New Lease Hawkes Bay

Property Name:
Bella Tuscany Motel
Address:
371 Kennedy Road, Napier
Property Type:
Motels
Sale Type:
Business
Price:
$700,000 
Region:
Hawkes Bay
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Brent Hannah

Brent Hannah

Broker | Hawkes Bay, Gisborne, Wellington & Taupo

M: +64 21 359 678

brent[at]resortbrokers[dot]co[dot]nz

Reasons to buy

  • 30 year lease, commencing 2020
  • Spacious, well-presented units, most with private outdoor courtyards
  • Established repeat clientele, showing improved trading results each year

 

 

 

Brent Hannah

Broker | Hawkes Bay, Gisborne, Wellington & Taupo

Contact Agent

Brent Hannah

Mob: +64 21 359 678

Email: brent[at]resortbrokers[dot]co[dot]nz

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In recent years this motel has undergone substantial refurbishment and redecoration, which has reflected in the trading results.

Napier City is a sought after destination, with many regular and popular events, and is reputed as being the Art Deco Centre of NZ. Accommodation facilities enjoy many nights occupancy from " Art Deco " celebrations.

The motel has been scrupulously maintained, chattels are of a high standard, the units all have air conditioning and central heating. The owners accommodation  is 2 bedroomed but could easily be converted to three. A separate and private outdoor living area compliment the accommodation.

The motel is centrally located close to the city CBD, Hawkes Bay's famed wineries, sports arenas and the Hawkes Bay EIT Education Centre.

The consistent trading results show a 25% return on the investment.

Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

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Print + Watchlist View Similar Listings
Enquire Now
Brent Hannah

Brent Hannah

Broker | Hawkes Bay, Gisborne, Wellington & Taupo

M: +64 21 359 678

brent[at]resortbrokers[dot]co[dot]nz

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