10 Unit Motel Freehold Investment

Whangarei
Reference: AN446
Motel / Motor Lodge
Land and Buildings $1,950,000 neg.

Located within walking distance of Whangarei City Centre this motel has a good lease in place with two-yearly rental reviews.

The property has 10 units, which include 5 x standard studio units, 1 x large studio unit, 3 x 1-bedroom units and 1 x 2-bedroom unit and caters to a good mix of clientele.

Located above the office the owner's residence has two full size bedrooms and a smaller bedroom with comfortable living space. Major renovations and upgrades have been completed on the property.

Some vendor finance is available to a suitably qualified buyer.

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.

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 WONG 09 551 0154.

Enquire Now

PDF

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.