Investors Alert! Freehold
- Building: 270m²
Motels or Apartments the choice is yours.
Not often does an opportunity arise in such a tourisim hub and an up and coming one at that. Te Anau is the Southern lakes best kept secret but now the secret is out everyone wants a slice and the beauty is we are still very affordable.
This property is presently operated as a motel and has strong bookings until the end of March 2017 and beyond. The potential to grow this business is it could be converted to Apartments as the rental situation in Te Anau to house the workforce is wanting. The makeup of the facility is 3x studio Units, 2x twin share, 2x family units, separate laundry, separate office, and separate work shed.The land area is 1555m2 and there is room for further development either to build more Apartments or build an owners accommodation as there is no facility housing the owner however there is option to rent or buy a home in the neighbouring property the cost and rental would need to be negotiated. This property would be a prime investment for anyone retiring or someone wanting something different in their lives. For further information or to view which is strictly by appointment please call the listing agent.