33 North Road, Kaitaia, Far North, Northland

33 North Road, Kaitaia, Far North, Northland POTENTIAL 20% PLUS G.Y. in KAITAIA - price by neg

Unparalleled Opportunity with Exceptional Upside

Located in the rapidly growing and vibrant Northland region, this high-profile ex Motor Inn presents a truly unique opportunity for savvy investors. With its prime location and diverse potential uses, this property is now seriously for sale.

Currently providing short- to medium-term accommodation, as well as daily guest stays, the Motor Inn offers 77 units, each presenting opportunities for various stakeholders. These include organizations seeking accommodation for respite, community care, rehabilitation, mental health services, disability care, aged care, or educational facilities.

For those with a vision, this iconic Motor Inn also presents the potential to be restored to its former glory, allowing you to capitalize on substantial additional income streams from the house bar, restaurant, and conference facilities (subject to local authority approval).

With a significant demand for medium-term accommodation, this property stands poised to be a leader in the market. Ideally situated, it is just an easy stroll from Kaitaia's bustling CBD, mega stores, public amenities, service clubs, and cultural associations.

Key Highlights:

- 77 Units offering versatile accommodation options

- 8,514m² of freehold land with ample space for growth

- 3,930m² of buildings, including essential facilities

- 4-bedroom manager's accommodation for on-site convenience

- Commercial kitchen equipped with chillers and ample storage

- Two large dining areas with separate bar and lounge

- Conference room ideal for meetings and events

- Reception & office with an extensive list of included chattels

The property is currently achieving an 80% occupancy rate, with an average room rate of $360 per week, indicating strong demand and a solid foundation for continued success.

Endless Possibilities:

This property offers a wealth of potential income streams-from motel and short-term housing to a possible Cultural Community Tourism Centre. The opportunities are abundant, making it a prime investment for future growth.

For more information or to schedule a viewing, please contact the listing agent. Don't miss out on this rare opportunity to secure a key property in one of Northland's fastest-growing regions.

Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.