Unlock a rare and substantial investment opportunity directly off State Highway 1 in central Whangarei. This expansive freehold site combines a high-performing accommodation business with significant land value over the three separate titles. Positioned perfectly for long-term growth or immediate returns.
Investment Highlights:
Substantial Land Area: A sprawling 4,376sqm of prime real estate, offering future development potential in a high-demand residential/commercial pocket.
Established Business: Home to the reputable Cheviot Park Motor Lodge, featuring a mix of high-quality units and excellent guest amenities.
Reliable Income: Currently operating under a long-term lease (expiring 2040) providing a secure investment for a freehold owner.
Location: Cheviot Park Motor Lodge prides itself on the retuning clientele from various corporate and Government entities. It's close proximity to the Whangarei Base Hospital, the City Centre and its central access from State Highway 1, make it a primary option to stay for professionals.
Property Features:
Accommodation: 17 spacious, quality Studio, One-Bedroom and Three-Bedroom self-contained motel accommodation.
Manager Residence: A comfortable three-bedroom residence located above the office, providing onsite living or additional rental options.
Facilities: Outdoor swimming pool, spa bath, and BBQ area set within landscaped grounds.
Upgrades: The property has undergone major renovations and upgrades, ensuring modern standards and minimal immediate expenses.
Get in touch today to enquire or inspect!
