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Listed 2 days ago

ID#605371

71 Tahunanui Drive,

Tahunanui

Nelson City
Tender

First Class Freehold Investment

An outstanding opportunity to secure a premium freehold motel investment in a prime Nelson location. Positioned on a high-profile site, this exceptionally well-maintained property is leased to a proven, high-performing operator, providing investors with secure income and peace of mind.
The property sits on 1,664sqm (more or less) with a total floor area of approximately 897sqm and comprises a well-presented 16-unit motel complex. The building has been carefully maintained and has a 90% NBS rating, offering investors confidence in the long-term durability of the asset.
Located on State Highway 6 in Tahunanui, the property enjoys excellent visibility while remaining set back enough to provide guests with privacy and comfort. The surrounding area offers convenient access to local amenities and the popular Tahunanui Beach.
With a long-term lease in place through to 2056 with two-yearly rent reviews, this is a rare opportunity to secure a passive investment backed by a well-established accommodation operator.
Property Highlights
*Prime Tahunanui location
*Long-term lease to established operator

90% NBS *Exceptionally well-maintained asset *16 motel units on 1,664sqm landholding *Secure passive investment with regular rent reviews *Net income $208,000.00 To be sold by deadline sale (by 7 May) (unless sold prior)

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Agents

Seb Hickman

Bayleys - Nelson

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

Gill Ireland

Bayleys - Nelson

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

This property was photographed by

Claire Watson

Media Specialist

Nelson

ID#605371

71 Tahunanui Drive,

Tahunanui

Nelson City
Tender
proudly marketed by
Seb Hickman Gill Ireland
Bayleys - Nelson
Seb
021 029 65262
Gill
+64 22 184 2483
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