Paihia, North Island

Freehold Investment Opportunity with Options

Land and Buildings $2,800,000

Business Description

This 20-unit Motel with 3-bedroom owner's accommodation sits on a 5,270 sqm block of land in an unrivalled location just minutes from the beach and town centre.

Offering plenty of promise, the land & buildings are offered for sale.

Current lease term has 23 years remaining. A new lessee takes over the business in early June 2025.

Some capital injection is required to enhance the property’s true earning potential for the longer term.

A great opportunity for a new landlord to team up with a new lessee to stamp their mark on the Bay of Islands tourism scene!

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.

We would welcome your enquiry on the Land & Buildings of this Motel for sale in Paihia via our website or by phoning CHRIS WONG on ---------- , DDI ---------- or ---------- .

Business Summary

Marketing Agent

Chris Wong

Coffeys

Key Investment Insights

AI generated. Confirm details with the seller.

1. Freehold investment opportunity with options for a 20-unit motel and 3-bedroom owner's accommodation.
2. Located on a 5,270 sqm block of land in a prime location, just minutes from the beach and town centre.
3. Current lease term has 23 years remaining, with a new lessee taking over the business in early June 2025.
4. Potential for increased earning potential with some capital injection to enhance the property.
5. Opportunity for a new landlord to make their mark on the Bay of Islands tourism scene.
6. Confidential details of the listing can be disclosed upon completion of a confidentiality agreement.
7. Information Memorandum available on the website.
8. Enquiries can be made through the website or by contacting Chris Wong.
9. DDI and phone number provided for direct contact.
10. Potential for growth and development in the popular tourist destination of Paihia.