11/24 Reads Quay, Gisborne Central, Gisborne

Lucky last!

A substantial investment portfolio that originally included four separate units and released to the market for the first time in 15 years, now has only one unit left available and is a fantastic option for the astute investor.

Pacific Harbour Motor Inn offers a premium hands-off investment with no input required from you as an owner. Well managed and located, and with consistently high occupancy and returns, this is an easy opportunity to invest in quality Real Estate.

Still available:

Unit 11: At 64 sqm and with two bedrooms, this is larger than most giving greater options and charging a higher nightly room rate. Returning a net profit of approximately $23,000 per annum. Priced at $290,000 (plus GST if any)

Unit 1: 30 sqm Double studio. Priced at $330,000 (plus GST if any) - NOW SOLD and no longer available.
Unit 13: 20sqm Double studio. Priced at $110,000 (plus GST if any) - NOW SOLD and no longer available.
Unit 2 : 30 sqm Twin studio, Priced at $330,000 (plus GST if any) - NOW SOLD and no longer available.

Consistent Net returns over previous years of approximately 7% at asking price with the benefit of owning a tangible asset. 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. Please note, this is an investment only opportunity and the unit cannot be occupied by the owner other than as a paying guest.