Massive Opportunity in Paihia (freehold going concern)
Superior site, size and serious potential...
One of the largest land holdings on the flat in Paihia. 'The Bounty Motel' is a freehold going concern, one block from the beach and 100m to shops and amenities. This very popular 29 room motel with quality three bedroom Managers accommodation is the perfect investment now and into the future as demand grows for quality accommodation in the area.
Boost your investment portfolio, with a proven high quality business with high profile positions and strong domestic demand... landbank with income, foresee the development potential of this unique 3,063sqm site in two titles with two road frontages and view to the water and islands. Fabulous occupancy rate with further business growth and development potential to be realised.
Configuration:
29 Units - Includes 5x studios, 6x king studios, 6x family units, 8x one-bed apartments and 4x two-bed apartments.
Other features include:
Managers Accommodation (3 bedroom), Visitor office, Caterers kitchen (not in service), Motel laundry, Guest laundry, 32 Off street parks
Additional multi use area - potential for further accommodation or conference venue.
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