As is where is...
Located at the end of the soon to be completed Tauranga Eastern Link, this once thriving motor lodge saw people come from all over New Zealand to experience the wonders of its hot water mineral pool.
It is now in need of some attention and enthusiasm. Occupied with long term tenants it provides a steady income while you develop or add to the units on this 11820m2 property.
Paengaroa is a great little community in a farming and horticultural area of the Bay of Plenty with good schooling and Comvita a world renowned honey manufacturer close by.
The area is poised for growth sitting in a key location central to Whakatane, Tauranga and Rotorua and local attractions with the Kiwifruit experience of Kiwi 360, helicopter flights, jet boat rides, Maketu and Pukehina beaches all within ten minutes.
The owner is returning to Australia and here is an opportunity to pick this up at the bottom and grow it to what it once was. GV of $525,000.