Colliers is proud to exclusively present this exceptional opportunity to acquire Quest Albany at 32 Kell Drive, Albany.
Ideally set back from the main road in one of Auckland’s highest growth locations, is this modern, quality investment with excellent fundamentals.
With just under 14 years left on the current lease term, this passive, bottom drawer investment is returning $747,000 pa + GST & OPEX. Featuring annual CPI rental growth, this established offering really does tick all of the boxes!
Constructed in 2011, this standout building is positioned on a 726 sqm freehold/fee simple title (to be subdivided) and benefits from a large local catchment, significant existing and planned commercial developments as well as Massey University in close proximity.
Quest Apartment hotels have over 160 properties in New Zealand, Australia and Fiji. The Albany property features 38 quality apartments and has been well known as the top serviced accommodation provider in the area for many years.
Call either of the Sole Agents, Shoneet Chand (021 400 765) or Matt Prentice (021 464 904) for further information or to arrange an inspection.
Features:
* Returning $747,000 pa net + GST & OPEX
* Current lease expiry in 2038 + further ROR
* Proven operator with successful history
* 38 Apartments with 19 car parks
* 726 sqm (approx) Fee Simple / Freehold title (title to be subdivided)
* Four level modern standalone building
* Sole Agency – Call now to register your interest
