Spanish Lady Motel $449,000plus GST (if any)
Region: Hawke's Bay
No. of Units: 10
Property ID: 1295
DANCING ALL THE WAY TO THE BANK
First time moteliers please take note of this little gem. Spanish Lady is great starter motel for purchasers coming into the accommodation industry for the first time. The motel can easily be managed by one person. It comes with a long lease and modest rent.
The motel is conveniently located on Kennedy Road, one of the main arterial routes into Napier. The motel has a wide road frontage and good signage, a definite plus for walk-in trades. The tariffs are very attractive thus resulting in its high occupancy.
Lease term: To 30th September 2036
The motel consists of 10 units:
- 8 x One bedroom units
- 2 x Two bedroom units
- All units air conditioned
- In-ground swimming pool
- Children’s play area
- Ample parking
The owner’s accommodation consists of 2 bedrooms plus an office.
Disclaimer: The information on the website and associated documents have been provided by third parties and while every care has been taken in the preparation, we do not accept any responsibility for the accuracy of the whole or any part. Interested parties are advised to make their own enquires and satisfy themselves in all respects.
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Arthur Fong on Mobile: 021 941 240 or Phone: +64 9 528 9787.
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