Whangarei, North Island

Hard to Find Motel Freehold Investment

Land and Buildings $1,950,000

Business Description

Located within walking distance of Whangarei City Centre this motel has a good lease in place (expires in 2043) with two-yearly rental reviews.

The property has 10 units, which include 5 x standard studio units, 1 x large studio unit, 3 x 1-bedroom units and 1 x 2-bedroom unit and caters to a good mix of clientele.

Located above the office the owner's residence has two full size bedrooms and a smaller bedroom with comfortable living space. Major renovations and upgrades have been completed on the property.

Some vendor finance available to a suitably qualified buyer.

Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.

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 and Buildings of this Motel for sale in Whangarei via our website or by phoning CHRIS WONG on ---------- , DDI ---------- or ---------- .

Business Summary

Key Investment Insights

1. The motel is located within walking distance of Whangarei City Centre.
2. The property has a good lease in place with two-yearly rental reviews.
3. The motel has 10 units, including a mix of studio, 1-bedroom, and 2-bedroom units.
4. The owner's residence is located above the office and has 2 full size bedrooms and a smaller bedroom.
5. Major renovations and upgrades have been completed on the property.
6. Some vendor finance is available to a qualified buyer.
7. Confidential information can only be disclosed upon completion of a confidentiality agreement.
8. The Information Memorandum is available on the company's website.
9. The contact person for inquiries is Chris Wong.
10. The contact information includes a phone number and email address.
Listing location

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