65 Broadway Stratford, Stratford District

Situated on an expansive 2,479sqm of freehold land and strategically positioned facing State Highway 3 in the heart of Stratford, this well-established 8-unit motel complex offers a diverse range of accommodation options, including two self-contained 2-bedroom units, five 1-bedroom units, and one queen studio unit. The property also includes a spacious 3-bedroom manager's residence (a large character home).
With three permanent tenants, the property provides hassle-free income in a high-demand, high-yield market segment.
Strategically located, within walking distance to the TOWN centre, the location offers guests close access to local attractions, dining, supermarkets and shopping.
This property presents significant opportunities for a prospective buyer, with its prime location, generous land area, and the strengthening tourism market making it an outstanding investment opportunity.
A hands-on investor would be able to add value to this well-positioned, commercial opportunity.

KEY FEATURES:

• Generous freehold land comprising 2479sqm
• Total build footprint area of 520sqm
• $128,326.47 net rental income
• Fully managed
• Total 8 units plus a large character home as manager's residence and reception
• Solar panels installed for sustainable energy
• A very attractive property with room to add more value for the future
• Just 22 minutes drive to Mount Taranaki and approximately 30 minutes to New Plymouth CBD
• Account statements for the last two years are available on request
• A registered property valuation report from CBRE, prepared in March 2023, is available upon request

For Sale by Asking Price of $1,200,000 + GST (if any)

DOWNLOAD FILES: www.rwnewplymouth.co.nz/NWP30895 scroll down to bottom to see list of available documents.
*NOTE: Any technical info provided sourced from RPNZ, Property Guru and Council etc, are broad guides for general information only. We recommend you seek your own independent advice on everything material to your purchasing decision.