359 Marine Parade, City Centre, Napier, Hawke's Bay

Positioned on one of Napier’s most recognisable waterfront locations, The Edgewater Motel presents a rare opportunity to secure a freehold motel complex and well-established business.    Occupying a prominent corner site with extensive frontage to Marine Parade and Edwards Street, the property enjoys uninterrupted views across the beach foreshore and sits less than one kilometre from Napier’s vibrant CBD. Set within one of Hawke’s Bay’s most popular tourism locations, Marine Parade remains one of Napier’s well recognised destinations, attracting both domestic and international visitors.

The motel comprises 20 well-appointed units, including a mix of one- and two-bedroom studio accommodation, with many units featuring covered terraces or decks designed to maximise the spectacular outlook across Marine Parade and a three-bedroom manager’s residence. The building also holds a 75% NBS rating, completed in 2015.

With its commanding profile, sought-after beachfront location and secure long-term existing business, The Edgewater Motel represents an outstanding opportunity to secure a landmark investment in one of Napier’s most desirable positions.   For sale by Deadline Private Treaty closing Wednesday 8th July at 2:00pm (unless sold prior).   Contact Danny Blair for further information or to arrange a time to view.  

More information: https://www.colliers.co.nz/p-NZL67040664