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Napier Central

36 Munroe Street, Napier Central, Napier

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1,156sqm Land area SQM

For Sale by Negotiation

Purchase vacant or with HMA to Swiss-Belhotel


With the option to purchase with vacant possession* or with Swiss-Belhotel International via HMA, 36 Munroe Street is Napier's first 5-star international branded hotel and presents as a unique investment proposition that is exceptionally well positioned to capitalise on a captive domestic and steadily growing international tourism market.

Converted to hotel use in 2021, this modern Art Deco-style boutique hotel offers 52 premium rooms managed by Swiss-Belhotel International under a Hotel Management Agreement for a ten-year term. The hotel is supplemented by approximately 500sqm of commercial space on the ground floor partly leased to two commercial tenants.

With a limited competitive set across 5-star hotel options in the region, Swiss-Belboutique Napier has a competitive edge in attracting discerning travellers. Moreover, Hawke's Bay's tourism expenditure has increased by 7.18% in the 12 months leading up to July 2023, further enhancing the investment's potential.

This property offers well-appointed rooms, versatile commercial space, on-site amenities, and income potential through optimised room rates, occupancy rates or change in management. Swiss-Belboutique Napier presents a compelling opportunity for investors looking to tap into Napier's tourism industry.

To learn more about this premium modern Art Deco-style marvel or schedule a viewing, please contact a member of the sales team.
*hotel only and subject to the Vendor exercising a termination clause.

Key Features
- Option to purchase with vacant possession providing new management or owner-occupation potential (hotel only and subject to Vendor exercising a termination clause).
Diversified income profile - core income profile secured by international operator Swiss-Belhotel (HMA), plus partly leased to two commercial tenancies
- Tastefully renovated asset offering premium modern Art Deco-style boutique accommodation
- With a strong uptick in electronic card transactions throughout the region, plus solid occupancy levels, Swiss-Belboutique is well positioned for the looming summer season

Wayne Keene

Wayne Keene

National Director - Hotels, Tourism and Leisure Sales

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Brent Hannah

Brent Hannah

Hotels, Tourism and Leisure Sales

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

Features

Available


Option to purchase with vacant possession providing new management or owner-occupation potential (hotel only and subject to Vendor exercising a termination clause).

Passing income


Diversified income profile - core income profile secured by international operator Swiss-Belhotel (HMA), plus partly leased to two commercial tenancies

Opportunity


Tastefully renovated asset offering premium modern Art Deco-style boutique accommodation

Add value


Improving tourism market - with a strong uptick in electronic card transactions throughout the region, plus solid occupancy levels, Swiss-Belboutique is well positioned for the looming summer season

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

Request more information

Contact us and have your questions answered.