38 Puriri Bay Road, Great Barrier Island, Hauraki Gulf Islands, Auckland

The vendors have made it clear that they are ready to do a deal and let the new owners / managers inject their energy into this magnificent waterfront motel in a Holiday destination on Great Barrier Island that is full of growth potential. Not only have they reduced their asking price in recent times from $3.1m to $2.5m to ensure there is no misunderstanding, but they will now consider all methods of sale including lease to buy or providing vendor finance or just buy outright at this now reduced price.

If you are looking for a change of direction you should seriously consider this property as it's not hard to see the potential. Great Barrier island is changing quickly with more and more people coming each year be they trampers right through to tradies who require accommodation to keep up with the significant development that is occurring on the island. The planes to the island are full and these people need accommodation which is becoming increasingly difficult to find as more and more holiday makers buy up the current rental accommodation pool.

With the right promotion this compex will be a cash cow, there are two large dining areas that are completely unutilised, a commercial kitchen (also unutilised) that could produce further cash flow or turn these areas into further accommodation plus outdoor dining areas could double as bar / restaurant in the peak season. This property also includes Managers Apartment or Owners Accommodation. Do not overlook this property providing Exceptional value and Freehold Investment of Prime real estate any more but have a good look and you will see the outlook is only up for the right person with vision.

See this listing on Barfoot & Thompson