Motel Tenanted Investment in Albany

40, Rosedale Road, Albany, North Shore City

By Negotiation

Proposed Usage
Hotel & Leisure
Floor Area
1740.00 m²
Land Area
7462.00 m²
Description:
Property ID
1c05g5q

- 35 motel units fully leased to professional management company
- Returning $610,000 net rent a year
- CPI and market mix rent review
- Unit free hold property
- 19 car parks
- Be quick, wouldn't last long

Apollo Square is start of a new living experience in Albany on North Shore. Apollo Square is an all- encompassing development comprising of commercial block (shops and motel), three (3) residential apartment blocks, and 7,500 square metres of recreational and garden area.

Apollo Square is situated on Rosedale Road, which serves as one of the main access points to the North Shore and Albany business area and is approximately 2km from the Albany Mega Centre. Coupled with this is the close proximity to the North Harbour Stadium, Stadium Pool, Massey University and number of other facilities.

The stage one commercial block is under construction and expecting to be finished by June 2018. It comprises 13 retail units and 35 unit's motel. We are seeking interest from tenant/owner occupiers for restaurants, cafes, fast food, gym, entertainment, fashion, hair & beauty, pharmacy, travel office, show room, banks etc.

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Albany Area