310-312 Te Atatu Road, Te Atatu South, Waitakere

Motel/two large freehold sites

•Leased 18-unit motel plus separate Manager's house
•Substantial freehold site of 2,646sqm in two titles
•Mixed Housing Urban zone
•Superb opportunity to generate cashflow before development

This leased motel property is a purpose built complex comprising 18-units from the 1970's. Adjoining the motel and on a separate title is a three bedroom brick and tile bungalow which serves as Manager's accommodation. The lease which incorporates the motel and Manager's house expires on 30th June 2022 and there are no further renewals.
The property has wide frontage to Te Atatu Road and is located on the northern side of the road, a short distance from the North Western Motorway.
Surrounding development is generally residential and a comprehensive shopping complex is located just to the south of the intersection of Te Atatu Road and Edmonton Road.
With the lease expiring in June 2022 the time is ripe for redevelopment.
For sale by way of Deadline Private Treaty (unless sold prior) closing 4pm, Monday 6th December 2021.