An immaculately presented ex-motel in Coopers Beach comprising a Lockwood 4 bedroom/ 2 bathroom HOME elevated above 4 x self-contained, refurbished STUDIO UNITS (concrete block).

The Home and Units enjoy excellent sea and coastal views and are close to beaches and shops.

The Home and Units are currently rented out on a Periodic Residential Tenancy basis to FANTASTIC TENANTS and earn in excess of $99,300 pa.

There is potential for rent increases on some of the units.

For the Purchaser, various scenarios could include…

- RESIDENTIAL TENANCY SCENARIO - RENT out all 4 UNITS + 4 BEDROOM HOME full time – currently earning in excess of $99,300/yr.

- LANDLORD LIVES UPSTAIRS and RENTS out all 4 UNITS fulltime

- MOTEL SCENARIO: LIVE UPSTAIRS and rent out all 4 Units as Motel or Holiday ACCOMMODATION (this has happened under previous Owners)

The double lock-up garage that is on the northern side of the building and adjacent to the unit # 4 has extensive storage, laundry and an adjoining bathroom. This area has received Resource Consent to be developed into a 5th studio apartment. If the new owner completed this, there would be a rent expectation of $350/wk (or $18,000/yr)

PROPERTY FEATURES:
The upper-level, 4 Bedroom/2 Bathroom Lockwood Home is spacious and modern with interior living spaces opening out to a seaward facing deck that runs the full width of the building and includes a covered and fully enclosable north-east facing outdoor entertainment space. A very spacious lounge adjoins the outdoor living area and both enjoy sunshine and wonderful views. Three of the four bedrooms are all generous doubles with the master bedroom being larger and including a walk-in wardrobe, ensuite and deck access. The home features warm exposed timber Lockwood walls and lush carpet in living areas and bedrooms.

The 4 x Studio Accommodation downstairs Units are sturdily built with concrete blocks and have been very tastefully refurbished and include quality fixtures and fittings throughout.

Large paved areas on two sides of the complex provide ample parking for residents.

To assist with managing power costs, my Vendor has set up a hybrid solar system – 12 x 490watt panels + 2 x ABB 3kw Inverters.

Gas califont supplies hot water to House and Units via 1 x 45kg gas bottle/mth.

Gas Cooktop in upstairs unit has its own 9kg bottle.

1 x power meter for upstairs Lockwood House and 1 x power meter for 4 x Units.

Rubbish is centrally managed with 1 x large green bin provided by Northland Waste.

1 x 25,000L water tank that is topped up with town water supply (Doubtless Bay Water).

This property was bought on a non-GST basis…HOWEVER, a GST registered Buyer has the opportunity, subject to IRD approval, of receiving a GST refund if the property was utilized with a commercial intent (Eg. Motel).

Strategically positioned in one of Northland’s most popular coastal destinations, this ex-motel offers strong appeal for both domestic and international tourists. The central location between Cable Bay and Coopers Beach places tenants/ guests just minutes from safe swimming beaches, local boat ramps, coastal walks, and the historic charm of Mangonui.

Essential amenities—including a supermarket, pharmacy, cafes, and medical services—are within walking distance, ensuring year-round convenience.

With tourism steadily growing in the Far North, this is a rare opportunity to secure a well-located rental/hospitality asset with strong occupancy potential and long-term upside.

Call Sean on 0272 188 188 to book your private viewing today.