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2,11/24 Reads Quay, Gisborne Central, Gisborne District

Price on Application

Two sold, only two left!

A substantial portfolio that originally included four separate units and released to the market for the first time in 15 years, now has only two units left available. Buy one or buy both, there are still options here 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 2: A consistently high-performing unit with exceptional occupancy figures. 30 sqm twin studio returning approximately $23,000 net per annum. Priced at $330,000 (plus GST if any)

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 approximately $19,500 net per annum. Priced at $340,000 (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.

Consistent Net returns over previous years on remaining units of 5.8% to 7.3% 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.

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Additional details

Type

Unit

Property ID

2752455

Listed on

21/01/2022

Updated

26/09/2024

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Gisborne, Gisborne District

Gisborne is a suburb which lies within the Territorial Authority of Gisborne, one of 61 residential suburbs which form the wider region. Gisborne is the 8th largest suburb of Gisborne in terms of the total number of residential housing stock. Gisborne provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 2000 - 2009. Residential housing stock in Gisborne is made up of approximately 95% residential housing and 5% residential investment housing properties.

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