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Napier Central

359 Marine Parade, Napier Central, Napier

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970sqm Floor area
1,413sqm Land area SQM

Auction

(unless sold prior)

Freehold Motel Investment on the Beachfront


Motel lease runs until 2040, with two yearly market rent reviews, providing excellent annual returns.

Situated on Napier's Marine Parade, this prime investment is ready for the next owner to take over and reap the rewards of this desirable investment.

Edgewater Motor Lodge is just a short walk to the town centre and adjacent to the excellent family amenities and attractions offered within the Marine Parade area of Napier. The tastefully decorated and recently refurbished modern rooms are ideal for couples and families in need of space and kitchen facilities.

With New Zealand tourist visitor numbers expected to grow by more than 44% over the next 7 years this property is a must have for any astute investors portfolio.

Please contact Paul or Sam for further details

Auction
(unless sold prior)

4 Viaduct Harbour Ave, Auckland

30

Nov

Time11am
Calander
Calendar
Paul Dixon

Paul Dixon


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Carolyn Hanson

Carolyn Hanson


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Sam MacDonald

Sam MacDonald


Eastern Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Accommodation


20 self-contained motel units plus managers accommodation all with decks or outdoor areas

Land Area


1,413sqm rectangular site

Location


Prime waterfront location on Napier's much sought after Marine Parade

Title


Freehold title with wide street frontage overlooking the beach