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Orewa, 436 Hibiscus Coast Highway

Opposite Orewa Beach - Full Site - Full Occupancy

Price by Negotiation

Listing Number: MAE4927
About this listing
Anchor Motel is positioned on the main Hibiscus Coast Highway you are offered a truly prime site in the heart of Orewa. Attaining excellent exposure whilst being a hundred meter straight walk to the beach and a short stroll to the shops, the location is unbelievably useful regardless of the intentions.
Within the complex you are offered a total of nine quality guest units comprising of four studio units, four one-bedroom units, and a single two-bedroom unit. You also have an excellent sea view two-bedroom owner/manager accommodation unit which connects to the downstairs office/reception. All units are equipped with their own kitchenette and bathroom. You have plenty of off-street parking for the residents, double garage, shed and shared garden/entertaining areas.
At full occupancy the income achieved is currently sitting at a comfortable $182,520 per annum. With a strong and consistent income source, quality buildings and functional layout so close to the beach, motorway and local shops. Not only do you achieve an undeniably smart rental investment but the opportunity to add even further value to the business converting back to an operational motel.
On a full quarter acre site of 1,012sqm you this is strong land investment simultaneously to the business. Zoned as Residential Mixed Housing Suburban, the possibility of subdividing is within reason too if you think sea view homes on the front of Orewa may provide better value later down the track.
For more information contact Ben today on 021 927 885 or Wendy on 0212167332
Features
- Carport
- Designer Kitchen
- Fully Fenced
Key Details
property ID 1640162
land size 1012.00m2
build size 840.00m2
Tuesday 9th October 2018
04:00pm
Property Information
  • Approx Floor Area: 840 sqm
  • Land Size: 1012 sqm
  • Tenure: Fee Simple
  • Parking: Covered Carparks: 2
  • Property Type: Other (Motel), Tenanted Investment

Contact Details

Harcourts Mt Albert

JK Realty Group Ltd

Licensed REAA 2008

4 Mt Albert Road
Mt Albert
Auckland
Office website

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