340 Meeanee Road, Meeanee, Napier, Hawke's Bay

The Meeanee Hotel is a renowned country tavern with a new lease in place to seasoned operators.    With locals flocking back, the spruced up public bar, function/restaurant space, and charming garden bar featuring established gardens, mature trees, and a BBQ area are alive with activity. Positioned in the heart of Meeanee, the property enjoys high visibility, dual access points, and ample on-site parking. Its proximity to Napier ensures excellent accessibility, while existing use rights as a hotel with 12 gaming machines add to its long-term viability. Complementing the hospitality offering is a spacious five-bedroom manager’s residence returning $350 per week. Additionally, two separate residential dwellings on the property are returning $350 and $425 per week respectively providing a valuable income stream.   The total residential income is $58,500 gross providing for significant rental upside with annual market rental assessed at $75,400 gross. Set on a generous 10,906m² landholding, the property also features residual/grazing land at the rear, offering further potential for future use.    Contact Ash for further information.

Features:

• Net return $75,186 + GST
• Split risk investment
• Bar plus restaurant
• 3 residential income streams
• Main Rural zoning
• Total land area 10,906m²

More information: https://www.colliers.co.nz/p-NZL67032785