Buy two motel units...at this price?


42 Waitangi Street, Tokomaru Bay

Asking Price NZD $395,000

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Buy two motel units...at this price? | 42 Waitangi Street, Tokomaru Bay | 2752229 |      X Close
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Buy two motel units...at this price?


A nice little commercial option? Syndicate of friends or contractors base?

Accommodation demand throughout the coast continues to grow and these two units offer a unique opportunity at a fabulous price point.

The word "unique" may be overused at times but a property offering the Leasehold Interest in a full quarter acre section, zoned Rural Commercial with two standalone motel units, really is unique and worthy of considering.

The units were modernised in 1980 and though dated, they are in continuous demand.

On two levels, they would provide great long term accommodation for a couple or small family or maybe just rent one and keep the other ready for those fabulous summer days at Toko.

The property is held under a Perpetual Lease, a landholding option which provide lifetime security and a legislated, managed tenancy. Perpetual Leases are often described as "forever leases" as the 21 year lease terms have perpetual right of renewal, very attractive lease conditions plus annual rent currently at a generous $3,750pa plus GST. With demand for beachfront property throughout NZ continuing to create new sale levels, Perpetual Leases offer a much more affordable alternative which demands your consideration.

Call me for more detail or to discuss further.

Greg Robertson

Gisborne

Licensed under the REA Act 2008

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42 Waitangi Street, Tokomaru Bay

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Greg Robertson

Gisborne

Licensed under the REA Act 2008

View profile