12 Lorne Street, 37 & 37B-D Ohaupo Road, Melville, Waikato

12 Lorne Street, 37 & 37B-D Ohaupo Road, Melville, Waikato STRATEGICALLY SITUATED

One of Hamilton's most strategically situated motels given its positioning alongside Waikato Hospital and Braemar Hospital.

After a change in direction, the commitment has been made by the owners to sell down one of the properties in their portfolio. This opportunity is offered up for sale, but it may not last!

Being sold with vacant possession, refurbish and build the business up to enjoy strong cashflow and equity gains or sell the business on and keep it as a passive ‘brick and mortar’ investment. Situated on a large, 2088sqm freehold title, zoned for residential intensification, this may provide further development options in NZ’s fastest growing region.

Given the size and scale, along with moteliers, this offer could suit add-value investors, community and social housing providers, or possible alternative uses such as respite care or accommodation for healthcare workers.

The motel features ten brick units plus a manager's residence and a predominately single-level design. The motel may be purchased as a standalone or in conjunction with the four adjacent residential houses.

Buyers will be attracted by the future prospects here given the calibre of the location, a huge opportunity to add value, and the certainty of demand created.

Call the exclusive agent, Vaughan Heslop, today for further information.