Apollo Square Motel investment
40, Rosedale Road, Albany, North Shore City
Price On Application
- Proposed Usage
- Hotel & Leisure
- Floor Area
- 2365.00 m²
- Property ID
- Unit freehold property
- 65 motel units plus allocated 37 car parks
- Partly leased returning $610,000pa + GST
- Expected total motel rent return to be around $1,000,000pa + GST
- Ground floor retail shops available for investors and owner occupiers
Auckland's hotel sector will remain highly constrained over the next decade, resulting in annual occupancy rates that approach 90% in the long term.
Apollo Square Motel plus ground floor retail shops are situated on Rosedale Road which serves as one of the main access points to the North Shore and Albany business area and is approximately 3km from the Albany Mega Centre.
The motel and retail shops are currently under construction and expected to be completed by end of 2018.
Floor area: 2,365sqm (approximately)
Zoning: Business - General Business Zone
Partly leased to Dress Circle Apartments Limited, returning $610,000pa + GST. Full tenancy details are available on request.
Expressions of Interest