Epsom, North Island
Newmarket Rare Freehold Going Concern
Land, Buildings and Business Price by Negotiation
Business Description
This is an exciting, very rare and valuable Freehold Going Concern motel, on Auckland's coveted Great South Road, in Newmarket, right on the doorstep of Newmarket's bustling and upscale shopping precinct!
Nestled in the heart of Auckland's premier education, medical, and business hub, the motel's freshly renovated suites offer the ideal accommodation for tourists wanting stylish accommodation, in a centrally located area, close to the city.
Situated just 5km from the Auckland CBD and 800m from the bustling Newmarket shopping district, the motel provides the perfect blend of convenience and comfort for all traveller's needs.
Ordinarily the land in this area is leasehold, however this is the opportunity to own a very sought after piece of fee simple, freehold land, with a 21-unit motel, refreshed after extensive renovations.
The vendors advise they have started a consent process which is near completion, which would enable a new operator to complete the process and, if consent was granted, give them the opportunity to build an additional dwelling to house up to 10-12 rooms on the property, further adding value to this already outstanding motel. (We note this is subject to council consents).
Completing the picture here is a very comfortable modern owners 4-bedroom residence above the motel's reception area.
Enquire now to secure this outstanding FHGC motel.
Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.
Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.
We would welcome your enquiry on the Freehold Going Concern of this Motel for sale in Auckland via our website or by phoning CHRIS D'ANVERS direct on ---------- or ---------- .
Business Summary
Key Investment Insights
1. Rare freehold land in Newmarket, ordinarily leasehold in the area, offering fee simple ownership of the property.
2. 21-unit motel operating as a Freehold Going Concern, providing existing operating income and asset ownership.
3. Extensive recent renovations to suites, indicating refreshed accommodation and lower short-term capex needs.
4. Prime location on Great South Road, immediately adjacent to Newmarket's upscale shopping precinct.
5. 800 metres to Newmarket shopping district, 5 kilometres to Auckland CBD, offering strong location convenience for tourists and business travellers.
6. Positioned in Auckland's education, medical and business hub, supporting diverse demand drivers for accommodation.
7. Vendor-led resource consent process near completion, potentially enabling construction of an additional dwelling yielding approximately 10 to 12 extra rooms, subject to council approval.
8. Modern four bedroom owners residence above reception, providing on-site owner accommodation or rental flexibility.
9. Opportunity to add asset value through development upside and continued operational performance.
10. Some listing information is unverified and parts of the listing are confidential, with further details released only under a confidentiality agreement.
