Location, Location, Location - it's been said many times but it is the key to a strong business.
We are delighted to offer the leasehold interest of the very successful Breakwater Motel on the Paihia waterfront. Before and during Covid this motel has maintained its position as arguably the best motel in the Bay of Islands. It's been No1 in Tripadvisor for the last 8 years.
Twenty five units of the highest standard, brilliant owners accommodation, maintained meticulously by the current owners, with a lease in place out to 2054. The key is that there is also potential for growth for the next owner.
Owner/operators can expect to enjoy the current profits in excess of $300,000pa - easily run by a couple but perfect for a family or two couples. When the international borders are open the business will grow even more.
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 wonderful Bay of Islands and make real money. Paihia has all the benefits of city living without the traffic.