22 Reef View Road, Ahipara, Far North, Northland

22 Reef View Road, Ahipara, Far North, Northland Bargain Motel in Ahipara

Why buy a house when you can buy a motel!!

This freehold site is seriously for sale and our vendors have instructed us to sell. This profitable motel is priced almost the same as what the houses on the street are selling for.... With endless options, make no mistake this will be sold. With high quality regulars and very limited other quality accommodation in the area occupancy is strong. Currently run by owners with good staff in place the options are endless.

Option 1 - Buy the 1425m2 section FREEHOLD land with motel which has a licensed bar, 5 freehold units plus 3 bedroom owners accommodation, a commercial kitchen and the management rights for a further 6 units to the front of the motel and continue operating as a profitable motel just like the current set up.

Option 2 - Find 5 friends and go 1/6 share in the motel, each have a unit for less than $250,000 and continue to manage the front 6 units to collect income for a return on your investment. (Investigate the possibility of creating unit titles for the freehold units.)

Option 3 - Purchase the Motel as a long term investment, put a manager in place and continue to get a return while your capital continues to grow.

Option 4 - Be like Mike Tyson and purchase the motel as a 10 bedroom house overlooking Ahipara. The current owner has recently refurbished 3 of the below units. You will have plenty of space for the family when they come to visit.

*The price includes all of the chattels and fittings at the property including all of the furniture in the front units.

*A good bore is already in place so water is never an issue.

The property has numerous possibilities and if your looking for something in Ahipara this one must be considered.

Price plus GST if any.