Property listing ID: 569532
We have here two adjacent freehold properties with a total area of 2,024m² including improvements of an 8 unit freehold going concern motel and 3 separate residential tenancies that provide a good holding income. The options are continue with the existing motel/residential return or invest to capitalise on the location and development potential in the future with consideration to the Unitary Plan. Located on the Hibiscus Coast Highway, Orewa, a short walking distance to popular Orewa Beach and the main town centre. Orewa and the surrounding area are developing with momentum. For an Information Pack, please contact the Sole Agents. For Sale by Deadline Private Treaty, closing 4:00pm, Thursday 5 May 2016 at 129 Hurstmere Road, Takapuna. KEY FEATURES: • Total land area 2,024m² • Motel freehold going concern • 3 separate residential tenancies • Consider the development opportunities • Short walking distance to Orewa Beach • Close to commercial area • Capitalize now on this fast developing popular area
Listed by Barfoot & Thompson , Bruce Jiao (North Shore Commercial) , Gary Seekup (North Shore Commercial)