Auckland Motel freehold investment for sale-yield 8%.
This Owner/Operated 4-star Qualmark rated property comprises 27 top quality studio and one-bedroom units,
two bedroom Manager’s apartment adjoining the office/reception area as well as 12 flats rented on a long term basis. Sitting on a section of approx 3,667 sqm the motel and flats have an impressive double street entry and is conveniently located in the heart of Otahuhu, with cafes, bars, restaurants and shops just a few minutes walk away. The investment opportunity is being marketed by Tourism and Hospitality Business Broker Tom Crawford of Tourism Properties.com
The owners are experienced tourism property mangers and have decided to sell the freehold investment (land and buildings) and continue to manage the business confident in the businesses continued success. A new 30 year lease will be drafted in conjunction with the new lessor with annual rent of $375,000 plus GST per annum.
“This property is well managed and trading successfully and enjoys both corporate and leisure business” says Crawford. It is close to Grange and Auckland Golf courses, Middlemore Hospital, Auckland Spinal Unit, Manukau City, Telstra Clear Pacific Events Centre, Auckland Airport and the Sylvia Park/Mount Wellington Commercial hubs draws particular appeal as does its easy access to both SH1 and SH20 motorways.
Further information
tom.crawford@tourismproperties.com
Mobile +64 21 278 9200
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Tom has an impressive management and marketing background in the tourism and hospitality industry in New Zealand, Australia and Fiji Islands. He has fifteen years of invaluable experience in running his own inbound tour company in Australia. This was followed by eight years of hospitality management and marketing in New Zealand – running mainly boutique hotels, motels, hotels and a 5 star super lodge. With this depth of experience as a tour operator and hospitality manager he knows what makes a property “hot” and is happy to share this knowledge with you.
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