This impressive Investment Opportunity consists of a new, purpose-built motel, spanning approximately 520 sqm on a 923 sqm freehold title.
Leased to one of the region's largest operators. The property generates an initial return of $210,000 per annum, plus all outgoings and GST. The initial lease term is 20 years, with an additional 20-year renewal option this would be the ultimate passive income generator through retirement or for the trust.
The two-story complex features 15 self-contained studio units, a manager's office for on-site support, and a laundry storeroom. The sealed yard provides 18 parking spaces, including two for disabled access, ensuring convenience for both motel guests and their visitors.
Ideally located on a prominent corner site just 500 meters from FMG Stadium Waikato and minutes from the city centre. The operator reports strong corporate demand with travellers enjoying the modern construction and clear track record without the history of emergency accommodation that has tarnished other locations.
Don't miss this exceptional investment opportunity in a prime location.