Contact the agent if you'd like further information.
Tourism for Sale in Addington
Investment - Superb Long Term Lease
- Building: 720m²
- Land: 1,578m²
Next Steps:
Enquire with agentSeldom available, is the freehold land and buildings of a motel, providing an investor an excellent passive investment opportunity.
The property is well leased long term to 2048 providing you with a net rental income for the next 23 years, with 2 yearly rent reviews.
High profile corner site location on a main arterial, providing easy direct access to the Central City and is handy to Wolfbrook Arena and Addington Raceway.
The complex consists of 15 units plus the business owner's accommodation, which is all underpinned by being on a large valuable corner site of 1,578m2 zoned Medium Density Residential.
The tenant helps look after your investment as the lease requires the Tenant to maintain and repaint both the interior and exterior of the premises.
The exterior was repainted this year.
(approx.*)
Contact sole agent Adrian Raine on 021 344 246 for further information.
CCM31640
720m²
1,578m² / 0.39 acres
MRZ (Medium Density Residential Zone)
Vacant
Next Steps:
Enquire with agentInvestment Information
Fully Tenanted
N/A (Marketed Without Price)
N/A (Marketed Without Price)
* The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease
All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply
Agents
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