The leasehold interest of the successful Breakwater Motel on the Paihia waterfront is being offered for sale by Chester Rendell of New Zealand Sotheby’s International Realty.

The North Island property has been rated No. 1 on Tripadvisor for the last 8 years and is 3-minute stroll from restaurants, cafés, shops, information centre, and the recently extended Paihia Wharf.

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Source: New Zealand Sotheby’s International Realty

“This is one of the top accommodation properties in the Bay of Islands,” Chester Rendell told WILLIAMS MEDIA.

“It’s also a great opportunity for a family or even two families to get out of the city and have a great business. Other than lockdowns, the business keeps on keeping on. There’s room for potential too.”

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Source: New Zealand Sotheby’s International Realty

The property comprises twenty five high standard units, as well as meticulously maintained owners accommodation, with a lease in place out to 2054.

This opportunity will appeal to experienced operators looking to upgrade and to those wanting to cash up their city property, make the break, and live and work in their own business in the heart of the tourism area of the Bay of Islands. Paihia has all the benefits of city living without the traffic.

The motel’s current profits are in excess of $300,000pa.

To request a copy of the Information Memorandum please email the New Zealand Sotheby’s International Realty marketing agent Chester Rendell via the contact form below.

To view the listing or for more information click here. 

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