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 until 2043 with two-yearly rental reviews.
3. The motel has 10 units, including a mix of standard studio units, 1-bedroom units, and a 2-bedroom unit.
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. The accuracy of some information may not be verified.
8. Confidential details can only be disclosed upon completion of a confidentiality agreement.
9. An Information Memorandum is available on the website.
10. Enquiries can be made through the website or by contacting Chris Wong at the provided phone numbers.
