Established Motel on a New 20 Year Lease


Manukau

By Negotiation

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Established Motel on a New 20 Year Lease | Manukau | 1900679 |      X Close
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Established Motel on a New 20 Year Lease


- High profile corner site on busy Great South Road between Papatoetoe and Manukau

- 2,530sqm of Freehold land holding

- Purpose built motel comprising of 42 units

- New twenty year lease plus rights of renewal

- Annual Rental $254,000 plus GST and Outgoings

The property is well located on the corner of Pembroke Street and Great South Road. The property consists of 42 units built within 5, two storey chalets on 2,530sqm freehold land. With long term lease in place, the property presents a rare opportunity for investors.

Perfectly placed for huge future gains. Situated in a growth corridor close to Manukau CBD, Westfield Shopping Centre, Motorways, Train Station, Auckland University of Technology Campus etc

For Sale by Deadline Private Treaty

Closing 3m, Tuesday 21st June 2016

4 Viaduct Harbour Avenue,

Auckland