208 Esplanade, Kaikoura, Marlborough

Spoilt with magnificent views of the Pacific Ocean and Kaikōura Ranges890sqm (approximately) on a 2,003sqm (more or less) freehold corner siteReturning $195,000pa plus GST and outgoings on a long-term lease Occupying a 2,003sqm (more or less) corner site and framed by stunning views across the Kaikoura waterfront and the Seaward Kaikoura ranges, 208 Esplanade is home to The Anchor Inn - a 15-unit motel with associated managers’ residence.With a multitude of room options, sleeping anywhere from two to four, the property is returning $195,000pa plus GST and outgoings and offers a remaining 27 year lease term and built in rental growth with market rent reviews two yearly.Properties with immediate access to the beach, panoramic views and of this investment calibre seldom come to the market, so act quickly to secure this rare coastal opportunity.For further information, contact the sole agents today.