After 55 years of family use and enjoyment in this pretty coastal township, a unique Tokomaru Bay opportunity is for sale.

Demand for beachfront property throughout NZ continues to increase and with inquiry for property in the Bay at an all time high, the home at 40 Waitangi Street plus the next door Motel units at 42, provide the possibility for the lifestyle we all dream of.

Right in the heart of Toko and just a stroll to the beautiful bay, while the Rural Commercial zone opens up potential for further commercial or tourist development.

The house block and the motel are held in separate, perpetual leases and there is opportunity to buy the Leasehold Interest in either one or both.

On its own quarter acre Title, 40 Waitangi Street is a rambling, three bedroom house, full of the memories of a life well lived by the much loved Toko identity since he purchased the lease, way back in 1968. The home has been upgraded over time but is ready for a blast of energy input from a new owner, however with the beach life so close this will probably be a long term project!

The two separate, self-contained motel units at 42 Waitangi Street present an intriguing proposition. Rented part time at present but with constant accommodation demand there is a great opportunity for a major revenue increase or upgrade to boutique long term accommodation as a contractors base or beach front syndicate holiday home for family or friends.

Perpetual Leases are often described as "forever leases" because the 21 year lease terms have perpetual right of renewal and very attractive lease conditions. The leases provide the security for a lifetime+ tenancy under a legislated, management control. With Leasehold Interest sale prices being just a fraction of Freehold Title sale prices, they are a "must consider" investment and development option.

House and section = $395,000

Motel units = $395,000