Gisborne Central
2/24 Reads Quay, Gisborne Central, Gisborne
Asking Price NZ$330,000
7%+ Nett Return
With consistently high occupancy and income, this is the best performing unit available. Exceptional half year results of over 7% Nett return at asking price, showing an improvement over the already attractive 6.88% Nett after all expenses in 2023. This Pacific Harbour Motor Inn offers a premium hands-off investment with no input required from you as an owner. Well managed and located this is an easy opportunity to invest in quality Real Estate.
Unit 2 is a comfortable 30sqm twin studio, well located within the complex.
Realistic vendors wish these properties to be sold and are open to offers.
Property details and financial reports available upon request and viewing by appointment.
For the 3D virtual tours, email Dianne today.
Dianne Holland
Bousfield Macpherson Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Income
Consistent occupancy and good room rate gives a steady return of 5-6% Net
Layout
With queen and single bed, this offers flexibility meaning it is a popular unit
Opportunity
Well run Motor Inn with good occupancy
Investment
Well maintained unit and complex
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