 Invest in Two Premier Village Motels
16 Te Aute Road and 21 Porter Drive, Havelock North, Hastings |
The opportunity
Two neighbouring motel complexes in the popular Hawke’s Bay location of Havelock North are being offered to the market for sale, presenting buyers with an outstanding purchasing opportunity. For sale by Deadline Private Treaty closing 3pm, Wednesday 23rd October (unless sold prior). Contact Danny Blair for further information. Features:
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Highlights |
 The Village MotelThe Village Motel is located at 16 Te Aute Road and has 20 total units with 1,120m² of total floor area on a substantial landholding that spans 2,291m². The property returns $258,000 plus GST in net annual rental income with a long-term lease of approximately 18 years remaining and a final expiry of 1 September 2042. |
 Te Mata LodgeTe Mata Lodge sits at 21 Porter Drive and this motel also has 20 total units across 1,100m² of floor area on a site that measures 1,852m². Te Mata Lodge has a long-term lease in place of approximately 18 years that runs until January 2042, returning $260,000 plus GST in net annual rental income. |
The agents |
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Location |
16 Te Aute Road |
21 Porter Drive |
Sale process
Deadline Private Treaty 23rd Oct 2024 15:00:00 (Unless sold prior) |
Contact Us |
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