THIS FREEHOLD PROPERTY HAS IT ALL!

ORCHARD MOTEL KERIKERI
• A prime location on the corner of Kerikeri Road and Hall Road at the entranceway to the Kerikeri township. With an easy walk into the centre of town for shops and services and also in close vicinity to the Stone Store Basin, The Packhouse Market and Makana Confections. Just 20 minutes to the north you can access some beautiful beaches and to the south is Paihia and the gateway to the Bay of Islands.
• A comfortable 2 bedroom managers accommodation with attached reception area and separate garage/shed. There are eight 1 bedroom units and a single studio unit in two blocks, all recently refurbished and with a well maintained property including fenced of swimming pool, BBQ area and children’s playground.
• Vendor is currently operating as a short term accommodation for local and seasonal workers which gives a gross income of $240,000pa. It would be easy to reset to a normal motel model and at a 70% occupancy rate, gross income would be around $330,000pa.
• The property is connected to town water and sewerage. There is undeveloped space to allow for possible future expansion to take advantage of the projected growth in Kerikeri.
Key Factors
• Prime Main Road corner location
• 3748sqm of freehold land
• 9 units plus manager residence
• Coin operated laundry facility
Vendor is looking for interest at $2,500,000 plus GST (if any)
Contact me now for more information and an opportunity to view.

Agency reference #: RX4227219