Investment with New Lease of Life
New 3 year lease returning $100,000pa net plus GST
- Close to tourist hotspots and major developments
- Extensive recent refurbishment
- 7 motel units, plus 3 bedroom house/office for manager
- 2,562sqm land area on a Freehold Title
- Profile to the Main Road
You only have to drive past Te Awamutu's well-run accommodation suppliers a few times to notice how often the NO VACANCY signs are out. This property offers many different opportunities; collect the rent for the next three years while you plan the future of Kihikihi's only motel or change the use to permanent residents, redevelop the site into a new motel block or subdivide into residential sections. Don't spend too much time thinking about it, call now to view.
A high profile site situated on State Highway 3 in Kihikihi. This Motel is on the main arterial route south just 4 kms from neighbouring Te Awamutu. The district has seen growth in the tourism sector in the last decade, and with the development of both Te Awamutu and Kihikihi well under way these numbers are likely to continue to increase. Take advantage of the major events that take place in the Waikato. National Fieldays, Maadi Cup and Balloons Over Waikato. With a $750 Million under development at Waikeria, accommodation demand in this area will only rise. Neighbouring attractions include, Waitomo Caves, Kiwi House, Pirongia Mountain, Cambridge Stud, Hobbiton, Karapiro Lake and Raglan all within 40 minutes' drive.