An exceptional opportunity to secure the freehold land and buildings of the Lavana Motel in Hastings.
Strategically positioned on Karamu Road, this high-profile site offers 37 refurbished accommodation units of varying sizes, making it an attractive investment in the heart of Hawke's Bay.
The current business owner is willing to sign a long-term lease, offering immediate income for investors looking for a hands-off asset. Alternatively, a savvy operator can acquire both the business and the freehold as a going concern, capitalising on recent renovations including new beds and furnishings throughout the complex.
Key Features:
• 37 well-presented accommodation units
• Recent refurbishment including beds and furniture
• Strong profile on a key arterial route
• Flexible purchase options: freehold with leaseback or going concern
• Viewings strictly by appointment only
This is a rare chance to invest in a substantial, upgraded accommodation asset with either passive income potential or owner-operator upside.
Contact Shannon for further information or to arrange a confidential viewing.
