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Listing Description
Listed: Tue, 24 Jun
Freehold Motel or Going Concern
1400 Karamu Road North, Mayfair, Hastings, Hawke's Bay
Price by negotiation
Details
| Attribute | Value |
|---|---|
| Property use | Hotel/Leisure |
| Capital value (CV) | $2,380,000 |
| Agency reference | HA32696 |
Description
An exceptional opportunity to secure the freehold land and buildings of the Lavana Motel in Hastings.
Strategically positioned on Karamu Road, this high-profile site offers 37 refurbished accommodation units of varying sizes, making it an attractive investment in the heart of Hawke's Bay.
The current business owner is willing to sign a long-term lease, offering immediate income for investors looking for a hands-off asset. Alternatively, a savvy operator can acquire both the business and the freehold as a going concern, capitalising on recent renovations including new beds and furnishings throughout the complex.
Key Features:
- 37 well-presented accommodation units
- Recent refurbishment including beds and furniture
- Strong profile on a key arterial route
- Flexible purchase options: freehold with leaseback or going concern
- Viewings strictly by appointment only
This is a rare chance to invest in a substantial, upgraded accommodation asset with either passive income potential or owner-operator upside.
Contact Shannon for further information or to arrange a confidential viewing.
Property Files
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