47 Muritai Street, Nelson, Nelson

Long-term leased motel investment

• Well-maintained motel complex with a proven operator
• Proximity to Nelson Airport, Tahunanui Beach and key arterial routes
underpinning accommodation demand
• Lease term with 21 years remaining to Balmoral Motel Limited, providing
exceptional income certainty

An opportunity to secure a freehold commercial investment with a well-established
motel on a long-term lease, positioned in a desirable Tahunanui location with
excellent visibility and strong street presence.

The property comprises a 729sqm (approximately) motel complex on a generous
2,001sqm (more or less) freehold landholding, leased to Balmoral Motel Limited
with 21 years remaining on the current term. The net income of $133,000pa + GST
provides passive investors with long-term income security and minimal
management requirements.

Strategically located in the heart of Nelson's hospitality and accommodation
precinct, the property benefits from proximity to Nelson Airport, Tahunanui Beach
and key arterial routes. Residential Zone A zoning supports underlying land value
and future flexibility.