Kaikōura
208 Esplanade, Kaikōura, Kaikōura
+30
Kaikoura coastal investment
• Spoilt with magnificent views of the Pacific Ocean and Kaikōura Ranges
• 890sqm (approximately) on a 2,003sqm (more or less) freehold corner site
• Returning $195,000pa plus GST and outgoings on a long-term lease
Occupying a 2,003sqm (more or less) corner site and framed by stunning views across the Kaikoura waterfront and the Seaward Kaikoura ranges, 208 Esplanade is home to The Anchor Inn - a 15-unit motel with associated managers' residence.
With a multitude of room options, sleeping anywhere from two to four, the property is returning $195,000pa plus GST and outgoings and offers a remaining 27 year lease term and built in rental growth with market rent reviews two yearly.
Properties with immediate access to the beach, panoramic views and of this investment calibre seldom come to the market, so act quickly to secure this rare coastal opportunity.
For further information, contact the sole agents today.
Gill Ireland
BE Nelson Ltd, Bayleys,
Licensed under the REA Act 2008
Jesse Paenga
Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
William Wallace
Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Prime frontage
Spoilt with magnificent views of the Pacific Ocean and Kaikoura ranges
Land area breakdown
2,003sqm (more or less) land area
Floor area details
890sqm (approx.)
Passing income
Returning $195,000pa plus GST and outgoings with 27 years remaining on the lease
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Property files
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