Nestled in the serene St Heliers, this established and modern motel at 360 Saint Johns Road, Auckland, boasts a freehold title and a land area of 1,365sqm. Constructed in 1965 with brick walls and an iron roof, the property includes 16 self-contained rooms, 14 carparks, and a manager's room with reception. The motel, which has been operating since the mid-90s, underwent a full refurbishment in 2019, fitting all rooms with a new, modern standard. The government's capital value (CV) has seen a significant increase from $2,550,000 in 2017 to $5,000,000 as of 2021, marking a 96.08% rise. The HouGarden AVM estimates the property at $4,792,500, while the latest sales were recorded at $8,000,000 in 2024 and $1,242,000 in 2012. It's zoned for top-rated schools, including Baradene College (decile 9), Selwyn College (decile 4), and St Thomas School (decile 10), offering an attractive investment for both educational and financial returns.
With a net annual rental of $318,000 + GST + Opex, and a secure ten-year lease from 2019 with a 10-year right of renewal, this passive investment opportunity is not to be missed. The vendor is clear in their instructions - sell! This prime property offers a reliable income source and the potential for further growth in a sought-after location.
For families, the school network is a significant plus, with highly-rated educational institutions within easy reach. Baradene College provides secondary education from Year 7-15, Selwyn College from Year 9-15, and St Thomas School offers a full primary education. This combination of investment potential and educational advantage makes this motel a stand-out choice in the Auckland property market.
Updated on April 25, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $1,475,000 | 56.9% | 1 |
2020 | $940,000 | -49.9% | 1 |
2019 | $1,875,000 | -20.9% | 2 |
2018 | $2,370,000 | -88.3% | 1 |
2017 | $20,250,000 | 1546.3% | 1 |
2015 | $1,230,000 | - | 3 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.15 km | 2 | 1 | -m2 | Year 2024 Month 04 Day 19 | $855,000 | Council approved | |
0.25 km | 2 | 103m2 | Year 2024 Month 04 Day 04 | $2,735,000 | Council approved | |||
 | 0.26 km | 2 | 104m2 | Year 2024 Month 04 Day 04 | $2,735,000 | Council approved | ||
 | 0.27 km | 2 | 1 | -m2 | Year 2024 Month 04 Day 01 | $650,000 | Council approved | |
 | 0.18 km | 6 | 3 | 203m2 | Year 2024 Month 02 Day 16 | $230,000 | Council approved |