This property has all sorts of appeal. Located on the corner of State Highway 1 and Parekarangaranga Street in Motuoapa and less than one minute from the new Motuoapa Marina sits the very popular Licorice Café and a separate 3-bedroom Cottage.
Passed by thousands of motorists every day the café offers a relaxing stop off point on the journey north from Turangi or south from Taupo.
Both the café and the cottage are leased to one tenant at a net rental of $44,559 per annum. The current lease term of 3 years expires on 31 August 2022 and there are two 3-year rights of renewal resulting in a final expiry date of 31 August 2028. The tenant is responsible for the payment of rates, insurances and other property outgoings.
To be sold by Deadline Sale (unless sold prior) closing 4pm Thursday 1 October 2020.
Call Hugh Milloy, 021 901 390 for further information and to view.
Popular SH 1 roadside café
Land area 1,004m² (more or less)
Buildings area 310m² (more or less)
Café 226m² & Cottage 84m²
Net annual rental $44,559 per annum
Deadline Private Treaty
More information: https://www.colliers.co.nz/p-NZL67011729