Hard to Find Motel Freehold Investment

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 0800 263339, DDI 09 551 0154 or 021 106 6188.

Agency reference #: AN446