1-11 Cheviot Street, Whangarei, Northland

Unlock a substantial investment opportunity in the heart of Whangarei, strategically positioned just off State Highway 1. This expansive freehold offering combines a proven accommodation business with significant underlying land value across three separate freehold titles. Investment Highlights

• Established by the current owners in 2014, who are now ready to retire and pursue new opportunities.
• Offered as a freehold going concern, with an average annual turnover of $816,390 over the five financial years from 2022 to 2026.
• Cheviot Park Motor Lodge enjoys a loyal base of repeat guests from corporate clients and Government agencies, providing a stable and consistent income stream.
• Its prime location near Whangarei Base Hospital, the CBD and with easy access from State Highway 1 makes it a preferred accommodation choice for business travellers and professionals. Property Features
• 16 self-contained accommodation units, comprising:
• 9 studio units
• 6 one-bedroom units
• 2 spacious three-bedroom family units
• Manager's residence: A comfortable three-bedroom home positioned above the reception, complete with a single garage for convenient onsite living.
• Guest amenities: Landscaped grounds featuring an outdoor swimming pool, spa pool and BBQ area.
• Quality improvements: The property has benefited from extensive renovations and upgrades, presenting to a modern standard with minimal capital expenditure anticipated in the near term. Whether you're an experienced accommodation operator, investor or seeking a lifestyle business with strong returns, this is an exceptional opportunity to secure a well-established freehold asset in one of Northland's key commercial centres. Contact us today for further information or to arrange an inspection.