33 North Road, Kaitaia, Far North, Northland

POTENTIAL 20% PLUS gross yield - this is a REAL Golden Goose

Located in this fast-growing vibrant catchment of Northland, this high-profile Motor Inn is seriously for sale. Currently providing short to medium-term accommodation as well as some daily guest accommodation.

With 77 units available there is also the potential to work with various stakeholders that require accommodation for Respite, Community Care, Rehabilitation Mental Health, Disability, Aged Care, and accommodation for an Education facility.

You may prefer to be hands-on and restore this iconic motor inn to its former glory and enjoy the huge additional income that can be generated from the house bar, restaurant, and conference facilities (subject to local authority approval).

There is a huge demand for medium-term accommodation, which is not currently being capitalised on. Centrally located within an easy stroll to the Kaitaia CBD and mega stores, public amenities, service clubs, and cultural associations.

The current occupancy rate is 80% with an average room rate of $360 per week.

This grand property is packed:

• 77 units
• 8,514m2 freehold land
• 3,930 m2 buildings
• 4 bedrooms managers' accommodation
• Large commercial kitchen with chillers
• 2 large dining areas with separate bar & lounge
• Conference room
• Reception & Office An extensive list of chattels is included in the sale.

Options galore here, the potential for multiple income streams, motel & short-term housing, or Cultural Community Tourism Centre. Contact the listing agent for an information pack and to arrange viewing times.

Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.