Long history 24-room Motel for Sale

City Centre, Auckland City

By Negotiation

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c3x7dz

Selling as Freehold Going Concern

The property is located within a 8 km radius of Auckland city center. The position is at a main arterial route which is extensively used and carries a high volume of traffic during most times of the day. It is handy to shopping mall and large format retail.

The motel has a long operation history of 40 years, catering for the holiday and business market. It is currently operated by a manager employed by the owners, offering 24 units all with their own kitchen, bathrooms as well as a spacious lounge area.

Key Investment Details:

* Large freehold site of over 3,000 sqm
* 24 guest rooms and a 3-bedroom manager accommodation provides sizeable income
* Complete internal rebuilt and fully furnished during June to December 2016
* Other facilities: a full commercial scale kitchen and laundry and dry cleaning services.
* Rated for the best value in Auckland motel market
* Zoning mixed-housing urban providing superb re-development opportunity to generate solid income
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