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Mid North Motor Inn

$250,000

Business Northland

ID: 1742

Mid North Motor Inn

Property Name:
Mid North Motor Inn
Address:
158 Broadway, Kaikohe
Property Type:
Motels
Sale Type:
Business
Price:
$250,000 
Region:
Northland
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Kamal Sharma

Kamal Sharma

Broker | Northland-Nth Shore/West Akld

M: +64 22 0515 782

kamal[at]resortbrokers[dot]co[dot]nz

Reasons to buy

  • 11 unit motel with a long lease, expiring in 2042
  • Potential to add another 6 units - terms to be negotiated with the Landlord

Kamal Sharma

Broker | Northland-Nth Shore/West Akld

Contact Agent

Kamal Sharma

Mob: +64 22 0515 782

Email: kamal[at]resortbrokers[dot]co[dot]nz

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This Kaikohe motel is very well presented.  Kaikohe is a small town in the Far North District of New Zealand, situated on State Highway 12 about 260km from Auckland.

All units are very spacious and have carpark facilities in front.

The Motel has a separate reception block with the two bedroom owners home.  The home has a very spacious lounge with an open-plan kitchen and newly refurbished bathroom with lovely black granite tiles all over.

The big complex has Te Wānanga o Aotearoa (With over 80 locations around Aotearoa, study where you want. ... Te Wānanga o Aotearoa is a uniquely Māori learning environment for everyone) and RSA as its immediate neighbours.  This compliments the motel business well and apart from this motel gets many repeat clients and tourists as well.


This would really suit a small family or young couple wishing to have a decent living coupled with a steady and good income.

Motel with this return is normally a far fetched thing.

 

 

 

 

 

Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

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Print + Watchlist View Similar Listings
Enquire Now
Kamal Sharma

Kamal Sharma

Broker | Northland-Nth Shore/West Akld

M: +64 22 0515 782

kamal[at]resortbrokers[dot]co[dot]nz

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