- For Sale
Colliers is pleased to present 162 - 164 Esplanade, Kaikoura to the market. Seldom do opportunities of this profile and prime position come to the market.
This significant 'as is, where is' motel offers a combined site area of 2,048 sqm of favourable beachfront property on the stunning sought after Kaikoura coastline.
The site enjoys a total 27.78m of frontage across two certificates of title to the Esplanade and the combined sites are relatively regular in dimensions.
The property comprises 9 studio type units with a total motel capacity of 30 beds, which are currently managed for the vendor by a manager who lives onsite in the manager’s unit. Other facilities include a large covered BBQ area, perfect for groups and events.
There are various options available for the astute developer or investor with the ability to accommodate a multi-unit development or substantial holiday residences or alternatively enjoy the cashflow – the choice is yours.
The property is located just a 10 minutes stroll from the main Kaikoura CBD, which provides significant amenities with a mix of bars, restaurants and retail.
Don’t hesitate call now for further details.
For sale by negotiation.
Ref #: 20787148