• Established beachfront motel accommodation with 19 self-contained units
• Resource consent in place to create four additional titles. Potential option to create up to 18 unit titles
• 4,718sqm (more or less) waterfront, freehold title
• Unique opportunity to secure a semi-passive income and create four residential titles
• Returning a gross income of $928,810.00 per annum
Ruakaka Beach Front Motel is an established motel in Ruakaka, Bream Bay, on 4,718sqm (more or less) with direct access onto the sandy shores of Ruakaka Beach. The property includes 19 self contained units made up of a three bedroom unit, 1 and 2 bedroom units and studio accommodation. Eleven of the units enjoy lovely sea views. There is on-site guest and visitor parking, laundry facilities and common outdoor bbq spaces for guests plus a dwelling currently occupied by the in-house management. The land is flat in contour and borders the beachfront reserve.
The motel is immaculate, successfully managed and maintained with steady occupancy throughout the year from both weekly professionals and holiday makers from both New Zealand and offshore, and many long time regulars from Whangarei throughout the summer and weekends.
Opportunity for this property lies in the Resource Consent in place that allows for the creation of four additional residential titles on the site with the existing motel remaining on one freehold title.
Bream Bay is 22 kilometres of golden sand and clear blue waters, along with picturesque rural scenery, estuaries, rare wild life refuges, native forest, coastal walks and small friendly communities. Ruakaka Beach Front Motel is the first beachfront motel north of Orewa and offers a fantastic investment or development opportunity.
Visit www.propertyfiles.co.nz/1270907 for detailed property information.