13 Gladstone Road, Gisborne (The Emerald Hotel)
13 Gladstone Road, Gisborne, Gisborne, Gisborne, 4010, NZ
50 units
Asset Description
12 Kings Road, Paihia is For Sale by JLL via Deadline Private Treaty closing 4.00pm, 27th February 2025 (unless sold prior).
Located in central Paihia, the property includes a vacant 3-level accommodation building and an adjacent building leased to Kings Road Bar & Brasserie. The Bay of Islands attracts visitors year-round.
The leased retail space generates $51,000 + GST + Outgoings annually. It's near the beach and town centre.
The accommodation building features 19 spacious rooms with ensuite bathrooms, previously configured for up to 80 guests. Potential exists to convert these into motel studios.
The ground floor includes a two-bedroom manager's residence and reception. The first floor offers communal facilities like a lounge, dining room, kitchen, and outdoor balcony.
This opportunity in the heart of Paihia is available via Deadline Private Treaty closing 4.00pm, 27th February 2025 (unless sold prior).
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Attributes
Building area net
900 m²
Beds
19
Tenure
Freehold
Land area gross
1,416 m²
Media
Investment Highlights
• Sold with Vacant possession – full of opportunity.
• 19 spacious ensuite rooms
• Holding income from Kings Road Bar & Brasserie
• Freehold property on a 1,416m² land area
• Purpose-built three-level accommodation
• Potential for conversion from backpackers to motel
• Two-bedroom manager's residence
• Communal facilities
Contact brokers
12 Kings Road, Paihia (0 Properties)
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Last updated
30 Jan 2025
