Freehold Investment Opportunity with Options

Far North
Reference: AN802
Investment Property
Land and Buildings $2,800,000

This 20-unit Motel with 3-bedroom owner's accommodation sits on a 5,270 sqm block of land in an unrivalled location just minutes from the beach and town centre.

Offering plenty of promise, the land & buildings are offered for sale.

Current lease term has 23 years remaining. A new lessee takes over the business in early June 2025.

Some capital injection is required to enhance the property’s true earning potential for the longer term.

A great opportunity for a new landlord to team up with a new lessee to stamp their mark on the Bay of Islands tourism scene!

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 & Buildings of this Motel for sale in Paihia via our website or by phoning CHRIS WONG on 0800 263339, DDI 09 551 0154 or 021 106 6188.

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Chris Wong

Based in Auckland, Chris Wong has been proudly representing Coffeys since 2009. He holds a degree in Economics and Accounting and is an Alumni of the University of Hawaii’s School of Travel Industry Management.

He has an extensive background in the tourism and hospitality industry spanning some 30 years, twenty of which were at executive management level. He has also been involved in selling tourism businesses in the New Zealand and South Pacific markets. His extensive knowledge and tourism industry work experience has taken him through New Zealand, Australia, most of the Asia/Pacific region, the Americas and Europe.

Chris is passionate about the tourism industry and has an excellent grasp of its operational framework. He can relate to the issues affecting owners and operators and has a full appreciation of what buyers and investors are looking for. He continues to deliver the professional service for which Coffeys is well renowned.

Chris and his wife Helen have two daughters who also live in Auckland with their families and they enjoy the luxury of being a closely knit family. Cooking, fishing and travelling rank highly on his list of interests.