Beachfront Motel for Sale Napier in New Zealand for 895000

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Description

Situated on Meeanee Quay at the northern entrance to Napier, this beachfront 23-unit motel complex represents a significant opportunity, now available following a notable price reduction. The property is conveniently positioned near the airport, CBD, Ahuriri Estuary Wildlife Reserve, cycleways, walkways, and Westshore Beach, known for safe swimming. The accommodation offering includes a diverse range of units, comprising studios (standard, executive, and premier executive), one-bedroom suites (standard and executive), and two-bedroom units. The complex has undergone recent refurbishment. A key feature of the property is a large indoor heated swimming pool available year-round, providing added appeal for guests. An onsite restaurant operates under a separate sublease, generating additional income without requiring direct management. Positioned along the Pacific coastline, this well-maintained and profitable business includes a spacious 3 to 4-bedroom owner’s residence with a private courtyard, along with a double garage and workshop area. This offering presents an opportunity to secure a combined home and income property in a coastal location.

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