12-14 Kings Road, Paihia

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1416m² Land Area

FHGC Saltwater Lodge and Kings Road Bar & Brasserie

Located on Kings Road, right in the Paihia township, this opportunity includes acquiring the freehold going concern of Saltwater Lodge, and the building in front which is tenanted by Kings Road Bar & Brasserie. The stunning Bay of Islands is mesmerizingly beautiful, and this stunning coastal area attracts many local and overseas tourists throughout the year. Saltwater Lodge, is a premier backpackers lodge in Paihia and currently has a contract in place with Contiki Holidays.

The retail building tenanted by Kings Road Bar & Brasserie, is a popular entertainment hub for locals and tourists alike. The bar and brasserie is strategically situated walking distance from the beach and town centre. The rental income from this tenancy is $51,000 + GST + Outgoings pa.

The three-level rear accommodation building has 19 generous sized rooms, and in its current bunk configuration sleeps 80. These rooms are equipped with ensuite bathrooms and private lockers which ensure that the guests have a more comfortable stay. We note as each room has it's bathroom, there is an opportunity to convert the rooms into motel studio rooms. On the ground floor adjacent to the reception area, is the two bedroom managers residence. The communal facilities, which is situated on the first floor, comprise of a lounge, indoor dining room, kitchen and outdoor balcony dining area. A guest laundry equipped with commercial washing machines and dryers are included in the sale.

Rental income from Kings Road Bar & Brasserie is $51,000 + GST + Outgoings pa
Freehold property, land area of 1,416m²
Three level purpose built accommodation (FHGC Saltwater Lodge)
19 Generous sized rooms with ensuites
Opportunity to convert from a Backpackers to a Motel
Two bedroom managers residence
Communal facilities

Paihia has proven to be popular with domestic tourism, and seeing great promise with the travel bubble opening up with Australia. Only a 3 hour trip north of Auckland, it is a popular travel destination for avid sight-seeing tourists, providing lots of entertainment and shopping options. Saltwater Lodge is only a 10 minute ferry ride to the popular Russell and a 20 minute drive into Kerikeri.

This amazing opportunity will not last long. Call Regan for further details and to view.

Regan Polglaze

021 293 2411

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12-14 Kings Road, Paihia

Sold November 2021

FHGC Saltwater Lodge and Kings Road Bar & Brasserie

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