Commercial

Freehold. Tenanted. Locked In to 2048

195 High Street, Greymouth

Hotel Motel Leisure
dollar

Negotiation

Floor area
690m²
Land area
1957m²
Covered park
9

Map

Property description

Listing # GM23624|Listed on 29 September

195 High Street, Greymouth - a prime freehold motel investment with a proven operator in place and income secured for the next 21 years.

Some investments make you work for the return. This one is already doing it. With a long-established operator on the lease through to March 2048, outgoings paid by the tenant, and two-yearly rent reviews built in, this is genuinely set-and-forget income - backed by something you actually own: the land.

And what land it is. 1,957m² of freehold ground holding just 536m² of lettable building - meaning the bulk of your value sits in the dirt, not the structure. Room to hold, room to develop, room to grow as Greymouth grows.

  • Total land area - 1,957m²
  • Total lettable area - 536m²
  • Zoning - Residential Environment Area
  • Lease expiry - 28 March 2048
  • Rent reviews - Two-yearly
  • Outgoings - Paid by tenant

Steady income today. A prime land holding for tomorrow. Opportunities like this don't sit on the market long.

Contact Richard Cathro, Commercial Sales & Leasing Specialist at Harcourts West Coast, to arrange your viewing.


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NZ Real Estate West Coast Ltd (Licensed: REAA 2008) - Harcourts, West Coast

Richard Cathro

NZ Real Estate West Coast Ltd (Licensed: REAA 2008) - Harcourts, West Coast
11 active listings

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