Freehold going concern in a top tourism location

308, Kennedy Road, City Centre, Napier

Auction

Proposed Usage
Hotel & Leisure
Description:
Property ID
1bt0ghx

Deco City Motor Lodge (Qualmark 4.5) is a 30 room plus conference suite Motor Lodge situated near the Napier CBD. Included in these 30 rooms plus a conference suite, there are 3 rooms available that provide disability plus large managers quarters consisting of 4 bedrooms, 2.5 bathrooms, family room and a separate driveway. Deco City is also a member of the Host Accommodation Group (NZ's largest dedicated group of Host's for a network of Motels).

The Motor Lodge is close to the airport, main road route expressways and has access to the
various beaches and wineries within the region.

All rooms at Deco City are made up of the best facilities with sizably large self-contained
rooms, air conditioning and the majority of Queen and Super king beds are King Koil. Management can also cater for small conference groups on site.

The building was built 19 years ago and sits on 2,682sqm of land. The underlying land is zoned Residential 9 (A). All aspects of the building are sound and meet all current W.O.F standards. The assessed seismic rating is 80% of NBS and has a B rating.

This is a rare opportunity to own a very high quality Motor Lodge that has a consistent and growing occupancy.

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City Centre Area