Presenting a modern and well-maintained motel in the heart of Havelock North.
This property boasts 12 studio units, 7 one-bedroom units, and 1 two-bedroom unit, alongside manager’s accommodation, a motel kitchen, and both motel and guest laundries. There is potential for further development with space to add an additional four units (subject to council approval). The units are modern, well-equipped, and set on meticulously maintained grounds.
The property is currently returning $258,000 net rental per annum, with market reviews every two years. The Village Motel enjoys popularity among a diverse range of guests, including domestic and international leisure travelers, corporate guests, and small event and conference groups. With strengthening trading metrics within the wider Hawke’s Bay tourism and leisure market, the motel is forecasted to continue experiencing excellent trading conditions in the foreseeable future.
This is a prime opportunity to acquire a property in a sought-after location.
Contact Danny Blair for further information.
Features:
* Substantial land holding
* Modern well maintained motel complex
* Strategic Havelock North location
