Seize this exceptional opportunity to acquire the freehold of SH1 Cnr 50 Collard Street, Awanui, including the well-established business of The Awanui Hotel and associated Motel business. This landmark establishment offers a prime chance for both investors and/or operators seeking an iconic asset in a thriving location.
The property, situated on a 1.1308ha (approximately) site, features a 1,177sqm (approximately) hotel complex with bars, accommodation, and utility spaces, currently generating $75,400pa + GST and outgoings annually through a long-term lease. The 19-unit motel provides a mix of studio and two-bedroom accommodation, yielding an additional $47,650 in net income. A leased commercial kitchen further adds $20,620 in yearly income, and there is potential to lease a vacant cafe or hire space to attract passing trade. Located on State Highway 1, the property benefits from high visibility and consistent foot traffic, being just 7km from Kaitaia and in close proximity to key Far North attractions.
• 1.1308ha (approximately) freehold site
• 1,177sqm (approximately) hotel complex with lease income of $75,400pa + GST and outgoings
• 19-unit motel with net income of $47,650pa + GST
• Commercial kitchen leased for $20,620pa + GST
• Cafe or external hire space available for lease
• Located on State Highway 1 with high foot traffic
This offering represents a unique chance to acquire a historic, income-generating property in a high-traffic location with room for expansion. Whether you’re an investor or operator, this rare opportunity in Awanui’s bustling hub is not to be missed.
Asking Price: $1,275,000 + SAV + GST (if any).
For more information or to arrange a private viewing, please contact Gary or Daniel today.
