Fully refurbished FHGC Motel - Central Location

384-386 Ellerslie-Panmure Highway, Ellerslie

By Negotiation

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Fully refurbished FHGC Motel - Central Location | 384-386 Ellerslie-Panmure Highway, Ellerslie | 1686936 |      X Close

Fully refurbished FHGC Motel - Central Location

* A Grade IEP rating

* Strong financial performance.

Zoning mixed-housing urban providing superb re-development opportunity to generate solid income, or simply adding rooms in this underdeveloped large site.

A rare opportunity to secure an immaculate freehold going concern motel investment in Central Auckland. The motel is well presented on the busy Ellerslie Panmure Highway, easy connecting Auckland CBD and airport with only around 2.5km access to the ramps to the Northern and Southern Motorway.

This location is handy to the amenities and large-scale infrastructure such as bustling Ellerslie Shopping Centre, St John Ambulance Centre (900m), the new Panmure Railway Station (1.2km), Ellerslie Town Centre (2.4km), and Sylvia Park Shopping Centre (3km).

The motel is a purpose-built complex comprising a two-level "L" shaped structure with attached single-level reception and three-bedroom owner accommodation. It was fully refurbished in 2016 to a high standard: freshly painted throughout, new carpet tiles laid, privacy glasses, upgraded bathrooms, kitchenette, flat-screen TVs, heat pumps, and quality furniture. The motel also offers generous car parking and a well-equipped laundry.

There are 24 generous sized rooms over various configurations providing full flexibility for corporate guest Monday to Thursday through to families and larger groups over the weekends.

In 2017 the property was renovated including new fixtures fittings and equipment and as a result now rates highly on Booking.com at 9.1 as at September 2020.

Whilst the owners accommodation has not been renovated, it does provide many options for a new owner to take advantage of this extremely large space. Currently unchanged from original design, the 3 bedroom accommodation is well located in the complex with adjoining reception office and laundry. There is a large living and dining area with the potential to redevelop the old conference room into more living or extra rooms to create revenue.

384-386 Ellerslie-Panmure Highway, Ellerslie

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