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45 and 45A Norton Road, Frankton, Hamilton City, Waikato, 0 Bedrooms, 0 Bathrooms, Investment Opportunities

By Negotiation

45 and 45A Norton Road, Frankton, Hamilton City, Waikato

17
520m2
923m2
Investment OpportunitiesListed on Tue Jul 4
$2,971/Monthly repayments
Based on estimate value
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Frankton New motel leased to leading operator for sale

• Approximately 520sqm motel buildings sit on some 923 sqm of land across two freehold titles.

• Initially returning $210,000 plus all outgoings and GST per annum, the lease will run for 20 years with a further 20-year right of renewal.

• This two-level complex contains 15 self-contained studio units, a manager’s office to provide on-site assistance, and a laundry storeroom

• Sitting prominently on a corner site 500 metres from Chiefs rugby fortress FMG Stadium Waikato, and minutes from the city centre

• 17 parking spaces, including two disabled access parks, are available in the sealed yard, ensuring convenient access for motel occupants and their visitors

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Ref:1696111Last update:2023-11-14 10:25:58