Freehold Motel Investment for Sale Paihia Northland

Description

20-unit motel with 3-bedroom owner’s accommodation, situated on a 5,270 sqm site in a prime location just minutes from the beach and town centre.The property offers strong potential, with both the land and buildings available for purchase. The current lease has 23 years remaining, with a new lessee scheduled to take over operations in early June 2025.Some capital investment will be required to unlock the property’s full earning potential over the long term.This presents an excellent opportunity for a new landlord to partner with a new lessee and establish a presence in the Bay of Islands tourism market.Certain details of this listing are confidential and will only be disclosed upon execution of a confidentiality agreement, as outlined in the Information Memorandum available on the website.