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Under Contract

1999 State Highway, 1 State Highway, Kaiwaka

$2,300,000 (plus gst if any)

2.37 ha

Gateway North Motel - Land & Buildings Freehold

The Motel is situated on the very busy State Highway 1 Kaiwaka and has been operating since the 1970's.  Sitting on 2.3ha of land there is plenty of potential to develop on the 1.3ha parcel of land adjacent to the Motel. The popular landmark "The Coffeepot Cafe" is steeped in New Zealand history and is a daily stopover for tour buses filled with tourists on some days seeing up to 18 coaches. The Motel complex has 6 family units & 2 Studios, conference centre and pool complex, playground and a substantial four bedroom home completes this suburb offering.   Renovated 10 years ago all parts of the property have been well maintained.  The South Island owners nearing retirement have now decided it is time to sell.   The sale provides the new prospective owners with a land & building investment opportunity with the potential to also acquire the business and management rights due to the owners needing to relocate for family reasons.

 

  • 2 X 7 year lease until 2034
  • Rental income $90,000 plus gst
  • 2.3660 ha site
  • 1.3ha land parcel potential development 
  • Four bedroom managers/owners home
  • Tourism landmark "The Coffee Pot Cafe"
  • State Highway location
  • September 2020 CV $2,290.000

Please contact us today for a copy of our comprehensive information memorandum.

 

2.37 ha

Details

Address Kaipara, Northland
Price $2,300,000 (plus gst if any)
Business ID 118
Land Area 2.37 ha

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