560 High Street, Boulcott, Lower Hutt

Net Lease Till 2033

The freehold interest in The Green Gables, a well known and popular 14 unit motel situated between the Hutt Hospital and the Lower Hutt City Centre is on offer.

The property is very well maintained and provides a high standard of accommodation with a mix of studio, one, two and three bedroom units. The site is well laid out with ample car parking and attractive landscaping.

The current term of lease runs until February 2033.

Well maintained the 14 units are made up of 3 X Studio units; 4 X Twin units; 2 X 3 Bedroom units; 4 X 1 Bedroom units; and 1 X 2 Bedroom unit.

It also has a 4 bedroom managers accommodation and is situated very centrally, having high profile location close to hospital and CBD.

Net rent $208,000 + GST

This type of passive investment in a Freehold Interest is rarely available - land and buildings only.

• 14 Unit Motel with 4 bedroom managers accommodation
• Central, high profile, close to the hospital and CBD
• $208,000pa net plus gst
• Current term expires February 2033