• 12 level hotel & apartment in the heart of Auckland CBD

• Offering are 103 x freehold strata units accommodation building with re-clad /rebuild opportunity

• Favourable Business City Centre zoning for wide range of usage in term of redeveloping

The property known as Scholar Hotel Apartments is situated on Mount Street,within only a short walk to the universities and Queen street, the area is highlysought-after by students and investors.

The 12 level building contains a total of 100 accommodation units and 3 commercialunits which could generate substantial rental income upon all remedial works arecompleted; there is also an upside adding value potential to reconfigure or rebuildsome floors to create a better layout & quality living space.

Each floor has a similar design with 5-9 individual units size range from a studio to2-3 bedroom hotel-like apartments with bathroom and basic kitchenette facilities.There are 3 units allocated on the ground & basement level utilise as a commonkitchen, laundromat, and a food takeaway outlet facing Mount Street entrance.

12 level apartment complex contains 103 x freehold strata titles under oneownership, remedial works of re-clad and rebuild are under process with moredetails information upon request.