Pipinui Motel is found nestled amongst the heart of Whangamata's community, within an easy walk to the town centre. An added attraction is the near neighbouring harbour and marina. This property offers the opportunity to enjoy a spacious three bedroom home, whilst earning an income from the four, beautifully presented, self-contained units. Whangamata is growing in popularity. Accommodation is becoming even harder to source in this beach town. This land and business package is a genuine opportunity. Call me directly. Price is plus GST.
GROCERY / SUPERETTE BUILDING ONLY - WITH SEP ACCOMMODATION This is an excellent investment opportunity. The iconic superette in the Central Business District of Whangamata known locally as the Slipper Superette (also known as Slipper Milk bar). This property returns 6.4% on the asking price. The current combined rent is $$48,866.30+gst (approx) + R & I. There are three levels to this property. The bottom level is a Superette Grocery Store, this has a 3x3x3 lease. Level 2 and 3 are living accommodation and storage. This has a 1 year lease with no right of renewal. This means you can buy the whole building and all you have to do is wait a year (or less) and you get access to the first and second floor as a holiday bach or bolt hole with great top floor views. A crude lift winch provides cartage to the second level for goods storage. The second level also has direct street access through a staircase to the foot path. This building is constructed of blocks, long run iron and glass and is in reasonable condition having been rebuilt in the 1980's. There are excellent views of the Whangamata harbour entrance and surrounding rural hills from the top accommodation level. Call me now to inspect.