An exceptional, elevated property in central Whanganui presently trading as a 31-unit motor inn and bar but with multiple options as the motor inn lease has expired. With cashflow from 18 poker machines in the bar plus accommodation an investor could continue to operate as is. Or convert to longer term social housing rentals. Or redevelop the entire 4174m2 site. “Central’ is no exaggeration. Within two minutes walk of this site are New World, Countdown, Pak n Save, Bottle O, Pizza Hut, Gull and Super Cheap Auto. Across the road are McDonalds & Burger King.
Features:
» Presently Mid Town motor inn – lease expired
» Site: 4174m²
» Buildings: 1780m²
» R.V. $2million
» Redevelop or reconfigure with 18-pokie cashflow
» 31 units & bar. Social housing? Build new?
