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Melville

12 Lorne Street, Melville, Hamilton

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820sqm Floor area

Liquidation Sale of Abbey Motel


The Abbey Motel positioned on 2,088 sqm (more or less) of prime land is being offered for sale by way of liquidation sale presenting a unique opportunity to secure a Motel positioned prominently next to Waikato and Braemar Hospital.

Whether you are an existing investor, a seasoned motelier, or a developer, the potential to unlock this excellent Hospital precinct landholding is abundant. Presented in a tidy condition with 10 units, compiled of 3 studio units, 6 one bedroom units and 1 two bedroom unit plus excellent off-street parking.

The large inner South city section is a bonus, ripe for multiple development options; just a short walk to one of the Southern Hemisphere's largest hospitals and handy to beautify Hamilton Lake.

As a cornerstone in the ‘golden triangle', and a region known for its busy sporting and corporate events calendar; Hamilton motels enjoy the benefits of a high occupancy due to visitor demand.

Very rarely do opportunities like this come along with such a sought-after location and large landholding.

Please contact a member of the project team to arrange a viewing of the property.

•Freehold land holding of 2,088 sqm (more or less).
•Ample off street carparking
•10 accommodation units plus a 3-bedroom owners/managers unit
•Motel laundry facilities onsite

Asking Price ‘Tender' Plus GST (if any)

Tender
(unless sold prior)

1030 Victoria Street, Hamilton

13
Aug

Time4pm
Calander
Calendar
David Cashmore

David Cashmore

Director - Commercial

Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Steve Pett

Steve Pett

Hotels, Tourism and Business Sales

Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Location


Situated minutes from Hamilton CBD, Waikato Hospital, and major arterial routes, ensuring high tenant & guest demand

Opportunity


Options to enhance income through upgrades, or repurpose for residential or mixed-use development (subject to consent)

Prime frontage


Located directly across from two main hospitals and on a key arterial route meaning plenty of vehicles traffic flowing through daily

Accessibility


Various public transport stops on Ohaupo Road and Kahikatea Drive

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

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