• Established motel on large fee simple corner site
• Currently operating as ‘Mt Albert Lodge’ - a 26 unit motel with managers flat
• 2,436 sqm land zoned Residential – Terrace House and Apartment Buildings
• Prime Mt Albert location, close to train station and Mt Albert Village
A rare opportunity to secure a large north-facing fee simple corner site in a sought after residential location.
The property offers significant development potential due to its Residential - Terrace Housing and Apartment Building zoning, which allows for intensive terrace house or apartment development of up to 16 meters (subject to council consents). This elevated North facing position offers extensive views towards Auckland CBD and is handily located to take advantage of the extensive amenity which Mt Albert provides.
Existing improvements comprise an established motel / lodge offering a total of 26 units plus 3 bedroom managers unit. Also included is a separate café building which is leased on a flexible license to occupy and returns $56,650p.a. + GST.
Purchasers can look to run the existing motel, refurbish or repurpose to their requirements or alternatively take full advantage of this prime underlying land holding and intensive zoning and plan a full scale development.
Don’t miss this one, call now for further information.
