Deadline Sale (unless sold prior): Closes Wednesday 11 February 2026 at 4:00pm
An exceptional opportunity to secure a quality freehold commercial investment with Long-Term Lease to 2045 in the heart of Napier.
The Fern Motel offers a reliable, hands-off investment with a long-term lease through to 31 March 2045 and structured rental growth for ongoing income security.
The lease provides fixed rental increases, alternating between CPI and Market rent reviews, delivering predictable income growth and inflation protection. Investments of this calibre - combining strong tenant commitment, proven performance and a prime location - are increasingly sought after.
Property Overview
- Land Area: 3,915 sqm (more or less) across five titles
- Four freestanding buildings
- 18 guest units + separate 3-bedroom manager's residence
- Low-maintenance and well presented
- Efficient design for on-site management
Strategically positioned less than 6 minutes from Napier Airport and just off State Highway 2, Fern Motel enjoys excellent access to arterial routes, the Napier CBD, and local amenities. The property features tidy grounds, ample parking, and a strong street presence - all contributing to its long-term tenant appeal.
Investment Highlights
- Freehold land and buildings
- Across five titles
- Lease to 31 March 2045
- Fixed rental increases - alternating CPI and Market
- Current rent: $259,957.58 + GST p.a. (plus OPEX)
- Base Rent payable when reverted to Motel $184,005.60 + GST (plus OPEX)
- Healthy maintenance fund in place
- Low-maintenance, modern presentation
- Prime Hawke's Bay location - strong regional economy and tourism sector
A true "set and forget" freehold investment offering secure, long-term income from an established accommodation business in a high-growth region.
Freehold motel investments of this quality and tenure are rarely available in Napier.
For further information or to arrange a private viewing, please contact the listing agent.
