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.
*Boundary lines are indicative only.
This 17 unit mostly ground floor motel has excellent parking as well as a pool, a conference room and owners accommodation.
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.
DEADLINE PRIVATE TREATY 16TH DEC 2021 16:00 (UNLESS SOLD PRIOR)