Freehold Motel Investment in Hawera

JUST LIKE NEW

Hawera Central Motor Lodge has been operating since 2008. The vendor/landlord has had the motel since 2015. With work commitments overseas, the vendor has decided to place the motel for sale at a realistic price. Astute investors will appreciate a 6.5% return on investment on this trophy property, with a long lease.

The motel is a short stroll from the main shopping centre and across the road from the Pak'nSave supermarket. A convenient location for both short and long stays.

Hawera Central Motor Lodge has established a reputation among many corporate companies as their motel of choice in Hawera. The regular corporate trade keeps the motel busy during weekdays, and weekends cater for the free independent travellers.

Land Area: 1318 sqm MOL

Lease term: To 18 May 2042

Annual Rent: $184,470.00 per annum + GST

Motel consists of 18 units:
14 x Studio units
4 x One-bedroom units

Please contact Arthur Fong on 021 941 240 or arthur@justmotelsales.co.nz

Also, refer to our website link below.
https://www.justmotelsales.co.nz/motels-for-sales/motels-free
hold-investment/property/244-hawera-central-motor-lodge-hawer
a982994905

Just Motel Sales (REAA 2008)

Agency reference #: JMS1306