Classic Kiwi Motel - Freehold for sale

23 Esplanade, Whitianga

By Negotiation

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Classic Kiwi Motel - Freehold for sale | 23 Esplanade, Whitianga | 1690762 |      X Close

Classic Kiwi Motel - Freehold for sale

Situated directly across the road from the stunning Whitianga beach, one of New Zealands favourite Summer holiday destinations, sits the Anchorage Motel an idyllic, charming motel very popular with holidaymakers both Domestic and Overseas alike.

For sale are the land and buildings only, the motel is currently Leased to the existing operators for $60,000+gst pa with 8 years remaining on the current lease.

Zoned Waterfront under the Thames Coromandel District Plan, locations such as this are very tightly held and seldom come onto the market. Various options present themselves here.

•Land Bank until the expiry of the current lease and re-develop

•Currently in two titles so potential for two executive homes

•Extend the current lease as the professional operators are keen to stay on.

Motivated vendors make this a must see for all developers looking to gain a foothold in this very popular New Zealand holiday destination.

Call the Exclusive Listing Agents today