22 Port Albert Road, Wellsford, Auckland - Rodney

Embrace a lucrative real estate prospect in the burgeoning Wellsford district, likened to 'the next Warkworth'. This pristine 8-unit motel, complemented by a generous 3-bedroom manager's residence, stands on a freehold site of 3,716m² at 22 Port Albert Road. Constructed in 1974 with mixed materials for the walls and tiles for the roof, this property presents an average condition throughout. The motel's strategic position on State Highway 16 caters to both local and passing tourist traffic, while the modern amenities, beautiful grounds, and ample parking add to its appeal. The property has seen a 19.05% increase in Capital Value from $1,050,000 in 2017 to $1,250,000 as of 2021, with a HouGarden AVM estimate of $1,220,000. The latest sale history includes a transaction of $1,500,000 in 2024 and $730,000 in 2004.

For the education-conscious, the property falls within the zones of Rodney College (Secondary, Decile 4) and Wellsford School (Full Primary, Decile 3), ensuring quality education options. This turnkey business offers immediate cash flow and the potential to thrive in the heart of Wellsford, where one can enjoy the benefits of living and working on-site while relishing a serene lifestyle.

Key highlights include: • 490m² building area • Corner site of 3,716m² • 8 motel units plus 3-bedroom management accommodation • Over 30 years of established business.

Updated on August 20, 2024