Colliers Logo for Web-1

SOLD 4% Return
Motel freehold - New 25 year lease

Strategic 1,610m² freehold site | Rental income $225,000 pa + GST & OPEX | 17 unit motel

 
 
261 Maunganui Road
261 Maunganui Road (3)
261 Maunganui Road (4)
261 Maunganui Road (5)
261 Maunganui Road (2)
261 Maunganui Road (6)

The Opportunity

This motel freehold investment is situated in one of New Zealand's most exclusive beachside suburbs "Mount Maunganui" and is surrounded by very unique natural features such as the beach, harbour and the mount as well as great amenities in the downtown area of bars, restaurants, cafes and retail.

Features:

  • Strategic 1,610m² freehold site
  • Rental income $225,000 pa + GST & OPEX
  • 17 unit motel, conference room and owners accommodation
  • New 25 year lease
  • Great future development site
  • Allows 12m height development
  • Substantial maintenance fund
  • Central location within the downtown Mount shopping precinct

*Boundary lines are indicative only.


Highlights

261 Maunganui Road slide 1

17 unit motel, conference room and owners accommodation

This 17 unit mostly ground floor motel has excellent parking as well as a pool, a conference room and owners accommodation.

261 Maunganui Road slide 2

New 25 year lease

261 Maunganui Road has a new 25 year initial term lease to a motel operator for long term surety of income and the very large 1,610m² site with wide road frontage and rear service lane access that will have assured capital growth over time in this tightly held peninsular.


The Agents

Grant White - NEW BRAND

Grant White

Commercial Sales

Tauranga

Licensed under the REAA 2008

Simon Clark

Simon Clark

Managing Director

Tauranga

Licensed under the REAA 2008


Location


Sales Process

DEADLINE PRIVATE TREATY 16TH DEC 2021 16:00 (UNLESS SOLD PRIOR)


Enquire Today