195 High Street, Greymouth - a prime freehold motel investment with a proven operator in place and income secured for the next 21 years.
Some investments make you work for the return. This one is already doing it. With a long-established operator on the lease through to March 2048, outgoings paid by the tenant, and two-yearly rent reviews built in, this is genuinely set-and-forget income - backed by something you actually own: the land.
And what land it is. 1,957m² of freehold ground holding just 536m² of lettable building - meaning the bulk of your value sits in the dirt, not the structure. Room to hold, room to develop, room to grow as Greymouth grows.
• Total land area - 1,957m²
• Total lettable area - 536m²
• Zoning - Residential Environment Area
• Lease expiry - 28 March 2048
• Rent reviews - Two-yearly
• Outgoings - Paid by tenant
Steady income today. A prime land holding for tomorrow. Opportunities like this don't sit on the market long.
Contact Richard Cathro, Commercial Sales & Leasing Specialist at Harcourts West Coast, to arrange your viewing.
