To all motel owner occupiers

40, Rosedale Road, Albany, North Shore City

By Negotiation

Proposed Usage
Hotel & Leisure
Floor Area
1059.00 m²
Description:
Property ID
1c0kg8f

Here are your golden opportunities.

Auckland's hotel sector will remain highly constrained over the next decade, resulting in annual occupancy rates that approach 90% in the long-term. It is likely that the Auckland hotel market will reach "critical constraint status" as early as 2017 with no new supply forecast over the next 18 months and a number of major events occurring such as World Masters Games, the British & Irish Lions Tour and the Rugby League World Cup.

Auckland is expected to experience strong ADR growth across the forecast period, increasing by 44% from NZ$153 in 2015 to NZ$220 in 2025. This growth will be driven by record levels of demand and high occupancy rate pressure throughout the year. Auckland will also experience a temporary spike in ADR in 2017 as a result of price escalation caused by one-off major events including World Masters Games, the British & Irish Lions Tour and the Rugby League World Cup.

Apollo Square Motel 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 2 km from the Albany Mega Centre. Coupled with this is the close proximity to the North Harbour Stadium, Stadium Pool, and Massey University. It is also next to Bupa Hugh Green Retirement Village, Apollo Medical Centre, Taiping Asian Shopping Centre which gives the motel guests easy access to food, medical, shopping and leisure.

The East Wing Motel is currently under construction and expecting to be finished by June 2018.

• 28 motel units + meeting room + manager room
• Buy it and run business yourself
• Unit freehold property
• 14 Car parks
• Be quick, wouldn't last long

Enquire about this property

Albany Area