90 Beach Road, Kaiapoi, Waimakariri, Canterbury

Auction (unless sold prior)

12pm, Thu 20 February 2025

3 Deans Avenue, Christchurch 8011

The former "Island Motel," once a beloved destination in the 1960s for locals and holiday makers seeking a venue for weddings, dining, dancing, and swimming, now presents a rare and exceptional investment opportunity. This property has been designed for discerning cashflow investors who are focused on maximizing returns. The complex comprises twelve residential units, including seven one-bedroom and five two-bedroom units, the original restaurant, reception, and dance hall sit vacant and almost in original condition waiting for a creative to recreate the space. Investors have the chance to secure this prime asset with what must be the highest return you will see in residential investment.

• Seven one-bedroom units and five two-bedroom units

• Original restaurant, reception, and dance hall sit vacant

• Generous off-street car parking spaces, catering to both tenants and guests

• Current income of $3,150 per week across twelve separate leases

• Totalling $163,000 per annum

• 2,130sqm (more or less) of land, providing ample space for future development or expansion opportunities

• Convenient proximity to popular local amenities, including Pines Beach, Kaiapoi Aquatic Centre, and a variety of shops and services

Designed with optimal rental income in mind, this property also holds considerable potential for future capital growth. It presents an outstanding opportunity for long-term investors seeking stability, with the added benefit of immediate cash flow generated from existing tenants.

The current owner is highly motivated and eager to see a successful sale at auction, creating a sense of urgency for those interested in securing this investment. Don't miss the opportunity to acquire this property and position yourself for future success in the dynamic Kaiapoi market.

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