Apollo Square Motel investment

40, Rosedale Road, Albany, North Shore City

Price On Application

Proposed Usage
Hotel & Leisure
Floor Area
2365.00 m²
Description:
Property ID
1c05g5q

- 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.

Property Details:
Floor area: 2,365sqm (approximately)
Zoning: Business - General Business Zone

Tenancy Details:
Partly leased to Dress Circle Apartments Limited, returning $610,000pa + GST. Full tenancy details are available on request.

Expressions of Interest


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Albany Area