New Motel Lease with Long Tenure

Auckland Central

By Negotiation

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New Motel Lease with Long Tenure | Auckland Central | 1686934 |      X Close

New Motel Lease with Long Tenure

Central Auckland Location

A rare opportunity to secure the business of this Auckland motel on favourable terms.

The property is centrally located being only a couple of minutes to busy Lunn Avenue and approximately 3km to Sylvia Park shopping centre and train station. With Auckland University just 11 km to the North and Kohimarama Beach only 7km to the North East, the motel offers business owners the best of everything.

Situated on an elevated site of approximately 3132sqm of freehold land, the property has a real presence from the wide road frontage.

Recently refurbished throughout including but not limited to double glazing, this property has been reborn and has all the attributes of what a great motel business has to offer.

Consisting of 24 rooms of very generous size configured as 14 one-bedroom suites, 2 two-bedroom suites and 8 studios. As you would expect in a newly renovated property, all rooms enjoy excellent facilities including heat pumps throughout.

The owner's accommodation does require some refurbishment however, offers 3 generous sized bedrooms and large open plan kitchen/dining.

There is also a decommissioned conference room that extends from the owner's accommodation so an opportunity to reconfigure into more units or living area.

The Motel provides ample parking which is attractive to their corporate clientele and weekend travellers. The business rates highly at 9.1 on and with other OTA's.

On offer is a new 30-year lease (including renewals).