Calling All Developers - Potential Plus

Gisborne
Reference: GB910
Motel / Motor Lodge
Land, Buildings and Business $6,275,000

Bring the builder along and redevelop the whole site or run this lucrative motel with two neighbouring properties and land bank for the future.

This sale includes a profitable East Coast FHGC motel opposite Gisborne Hospital, just five minutes from the CBD, on a 2,093sqm (more or less) corner site with two access points. Also included are two neighbouring fee simple homes: a 4-bedroom, 2-bathroom 190sqm home on approx. 709sqm at 390 Ormond Road, and a 3-bedroom, 2-bathroom 130sqm home on approx. 709sqm at 388 Ormond Road. Together, the 3,511sqm (more or less) site offers a rare development opportunity with significant existing income.

Offering 13 spacious self-contained units with 4-bedroom owners' residence, plus the two neighbouring 3- & 4-bedroom homes, modern amenities, & easy access to shopping, dining, the airport and Gisborne's renowned beaches, it is a consistent high performer, with outstanding guest reviews, and very inviting net profits, providing a consistent mix of hospital-related, corporate and tourism demand, creating year-round occupancy appeal.

For developers, the key question is not simply what exists today, but what this strategically located, sizeable land could become.

Act now to secure this land bank for immediate income & future potential!

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. Any boundary lines shown on an image are indicative only.
An Information Memorandum is available to download from our website coffeys.co.nz.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum.

We would welcome your enquiry via this website or direct to CHRIS D'ANVERS 09 281 0265.

Enquire Now

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Chris D'Anvers

Chris joined Coffeys with an extensive background in sales and marketing in the travel and tourism sector. He has held multiple senior management positions over the previous 18 years in hospitality/tourism and came to Coffeys most recently from Norwegian Cruise Line, where he spent over five years as their National Sales Manager for New Zealand.

Diligent in building and maintaining relationships by providing support and attentive service, Chris promises to bring expertise in marketing strategies and negotiations to achieve the outstanding results you desire.

Having studied a Diploma in Tourism back in 1997 at Auckland University of Technology, and with a passion for sales, Chris is an effective communicator and strategic planner with strong problem-solving skills and an analytical approach. Chris has a proven record of success and looks forward to working with you to provide more of that.

His interests are anything sport, loves music, animals and travel.