Beachfront Motel for Sale Napier

Description

Business type: beachfront motel accommodation business

Location: Meeanee Quay, Napier, New Zealand

Current status: established operating business

Site position: northern entrance to Napier

Property position: beachfront

Price: recently reduced

Accommodation

Motel units: 23

• Standard studio units
• Executive studio units
• Premier executive studio units
• Standard one-bedroom suites
• Executive one-bedroom suites
• Two-bedroom units

Complex refurbishment: recently completed

Location

Airport: nearby

Napier CBD: nearby

Ahuriri Estuary Wildlife Reserve: nearby

Cycleways: nearby

Walkways: nearby

Westshore Beach: nearby

Westshore Beach swimming: stated as safe

Pacific coastline: adjacent

Facilities

Indoor swimming pool: available

Swimming pool: heated

Swimming pool availability: year-round

Revenue channels

Motel accommodation revenue: established

Onsite restaurant: operated under separate sublease

Restaurant sublease income: additional revenue stream

Restaurant management by motel owner: not required

Financial profile

Profitability: reported as profitable

Owner accommodation

Owner residence: onsite

Owner residence bedrooms: 3 to 4

Private courtyard: available

Double garage: included

Workshop area: included

Premises

Property condition: stated as well maintained

Potential buyers

• Owner-operators
• Motel operators
• Accommodation investors
• Hospitality buyers
• Buyers seeking a combined home and income property