The Highwayman Motel first stage was constructed, early 1970's with a major expansion early 1980s.
The property currently occupies over 7600m2 of land with buildings of 1160m2 being constructed of predominantly lower maintenance materials. A Motel of this size is considered one of the more substantial complexes in the Wairarapa and this is its first time for sale in almost 20 years.
The Motel offers an affordable range of accommodation from Studio units, one, two and three bedroom apartments, totalling 21 units in all. Managers accommodation is generous and is conveniently attached to the reception facilities.
With landscaped gardens, children's play area, bbq facilities, spa room, and for those balmy Masterton Summer days, a very large in-ground pool with plenty of space to sunbathe and relax.
Location is conveniently situated within walking distance to Masterton's very popular Kuripuni Village with excellent shopping, cafes, restaurants and movie theatre.
The current Lessee has been successfully operating the business since 2014. Having a very hands on approach to day to day activities.
Annual rental return is $115,000 pa plus outgoings and gst with current lease expiry 2044.
For further information including a comprehensive Info Memorandum contact:
David McHattie 021 447 041
Ben Moorcock 0274 768 283

http://www.highwayman.co.nz