Selling as Freehold Going Concern
The property is located within a 8 km radius of Auckland city center. The position is at a main arterial route which is extensively used and carries a high volume of traffic during most times of the day. It is handy to shopping mall and large format retail.
The motel has a long operation history of 40 years, catering for the holiday and business market. It is currently operated by a manager employed by the owners, offering 24 units all with their own kitchen, bathrooms as well as a spacious lounge area.
Key Investment Details:
* Large freehold site of over 3,000 sqm
* 24 guest rooms and a 3-bedroom manager accommodation provides sizeable income
* Complete internal rebuilt and fully furnished during June to December 2016
* Other facilities: a full commercial scale kitchen and laundry and dry cleaning services.
* Rated for the best value in Auckland motel market
* Zoning mixed-housing urban providing superb re-development opportunity to generate solid income