164 Gloucester Street and 21 Chester Street, Taradale, Napier, Hawke's Bay

The Colonial Lodge Motel presents a rare freehold going concern opportunity in the heart of Taradale, Napier.   Set on an expansive 4,324m² of freehold land, this well-established 19-unit motel complex offers a diverse range of accommodation options, including five one-bedroom units, two studios, six standard studios, and six two-bedroom units. Additional guest amenities include a games room, laundry, spa room, and a heated inground pool area. The property also includes a spacious four-bedroom manager’s residence.   The motel enjoys strong occupancy, catering to a diverse clientele, from leisure travelers and families to corporate guests, contractors and small event groups. Its established reputation, coupled with Hawke’s Bay’s growing tourism sector, ensures a steady stream of guests and a solid income stream.   Strategically positioned with limited competing motels in the area, and within walking distance of Taradale town centre, just 8km from Central Napier, the location offers guests easy access to local attractions, dining, and shopping. Ample onsite parking, well-maintained facilities, and the backdrop of Hawke’s Bay’s strengthening tourism market make this an outstanding investment opportunity, primed for continued success.     Enquiries over $5.95M plus GST (if any).   Contact Danny Blair today for further information.

Features:

• First time on the market in over 50 years
• Freehold Going Concern Opportunity
• Strong trading figures
• Well-maintained motel complex and grounds
• High-profile site in an established suburban location

Enquiries over $5.95M + GST (if any)

More information: https://www.colliers.co.nz/p-NZL67039741