UPPER HUTT: An Investment With a Difference and a Solid 8% Net at $2,800,000.

This most attractive property is sited on 1.6 hectares of sweeping lawns, gardens, mature trees and even a stand of native bush. It has just become available in the sought after motel investment market. The present operators of some 10 years wish to sell the real estate and lease back and continue on in the business.

The property is a well known wedding and conference venue, famous for its hospitality and beautiful settings. Apart from the substantial land area, the property is endowed with some substantial buildings. 16 motel units, approximately 15 years old, along with a substantial owners residence which is completely separate. The conference and wedding venue is a building of some 730m² with some true character features.

The present owners have a long lease in place with a current rental of $225,000 per annum plus GST. This provides an opportunity for a passive investment, showing a strong net return with some very sound fundamentals.

We would welcome your enquiry on this investment property for sale in Upper Hutt via this website or by phoning KELVYN COFFEY on 03 550 0459 or 027 432 0565.