360 Saint Johns Road, Saint Heliers, Auckland

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