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The Heads Hokianga

Price on Application

Freehold Investment Northland

ID: 1786

Waterfront Freehold investment

Property Name:
The Heads Hokianga
Address:
334 State Highway 12, Hokianga
Property Type:
Hotel
Sale Type:
Freehold Investment
Price:
Price on Application 
Region:
Northland
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Wayne Keene

Wayne Keene

National Director | Central Auckland

M: +64 21 666 991

wayne[dot]keene[at]bayleys[dot]co[dot]nz

Wayne Keene

National Director | Central Auckland

Contact Agents

Wayne Keene

Mob: +64 21 666 991

Email: wayne[dot]keene[at]bayleys[dot]co[dot]nz

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Nicki Kempthorne

Broker | Kerikeri

Nicki Kempthorne

Mob: 021 801 756

Phone: 09 407 9221

Email: nicki[dot]kempthorne[at]bayleys[dot]co[dot]nz

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The Heads Hokianga is being offered as a Freehold Investment with a tenant in place on a long term lease.

On offer are the freehold land and buildings of Lot 11, 2 & 12 comprising of 33 rooms over various configurations plus ten large 5-star villas. The property enjoys further benefit from the main building which comprises the restaurant, bar, conference room, reception and all associated back-of-house / administration.

There is plenty of onsite parking available across the two sites.

The Heads Hokianga is located in Omapere, Northland, an approximate 3 1/2 hours drive from Auckland. According to the Air New Zealand web site in October 2021, there are 4 return flights to Kerikeri, leaving around an hours' drive to Omapere.

Waterfront freehold investments of this nature are rare however, the property has been family owned for 34 years so an opportunity now exists for a new investor to take over the helm.

Hokianga Harbour is a well-kept secret and The Heads is the focal point to the region offering good 4 and 5-star accommodation, fresh produce and facilities enough for large functions that can be provided for inside or outdoors.

 

•Term 20 Years commenced 19 December 2018

•Rent $380,000 plus GST per annum from 33 units and the main building plus Income share of ten high yielding 5-star Villas

•Rights of Renewal 1 x 10 years

•Final Expiry 18 December 2048

•There is a maintenance fund incorporated in the lease equal to 2% of the annual rent

 

The region is expected to enjoy an increase in tourism numbers as a result of Far North Holdings in conjunction with Far North District Council and Government further investing in Hokianga, developing the Manea Cultural Education and Arts Centre showcasing the arrival and evolution of early Maori settlement in the province. The centre is now open and has become a popular tourist attraction.

This is a significant land holding and provides a healthy net return is on offer to investors looking to secure a piece of New Zealand history.

All appointments are strictly by prior arrangement only.

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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Wayne Keene

Wayne Keene

National Director | Central Auckland

M: +64 21 666 991

wayne[dot]keene[at]bayleys[dot]co[dot]nz

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