Key Investment Insights
AI generated. Confirm details with the seller.
1. Freehold motel investment, includes land and buildings for sale in Whangarei.
2. Walking distance to Whangarei City Centre, providing strong location appeal for guests.
3. Secure long-term lease in place until 2043, with two-yearly rental reviews offering income stability and indexation.
4. Ten units in total, comprising 5 standard studios, 1 large studio, 3 one-bedroom units and 1 two-bedroom unit, allowing varied guest mix.
5. Property caters to a good mix of clientele, indicating diversified demand sources.
6. Owner’s residence located above the office, featuring two full-size bedrooms plus a smaller bedroom and comfortable living space, useful for onsite management.
7. Major renovations and upgrades completed, reducing near-term capital expenditure requirements.
8. Some vendor finance available to a suitably qualified buyer, potentially easing acquisition funding.
9. Sale includes both land and buildings, stated explicitly as available for enquiry.
10. Certain listing details are confidential and require a signed confidentiality agreement to access, indicating additional information is available to serious buyers.
11. Information Memorandum available for download from coffeys.co.nz, facilitating due diligence.
12. Some listing information sourced from RPNZ, Property Guru and Land Information New Zealand has not been independently verified, buyer verification recommended.
