Frankton
45 and 45A Norton Road, Frankton, Hamilton
For Sale by Negotiation
New motel leased to leading operator for sale
• Approximately 520sqm motel buildings sit on some 923 sqm of land across two freehold titles.
• Initially returning $210,000 plus all outgoings and GST per annum, the lease will run for 20 years with a further 20-year right of renewal.
• This two-level complex contains 15 self-contained studio units, a manager's office to provide on-site assistance, and a laundry storeroom
• Sitting prominently on a corner site 500 metres from Chiefs rugby fortress FMG Stadium Waikato, and minutes from the city centre
• 17 parking spaces, including two disabled access parks, are available in the sealed yard, ensuring convenient access for motel occupants and their visitors
Millie Liang
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Wayne Keene
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Steve Pett
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Floor area
Approximately 520sqm motel buildings
Land area
923sqm (more or less) of land across two freehold titles
Lease
Initially returning $210,000 plus all outgoings and GST per annum.
Lease term
20 years with a further 20-year right of renewal
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