Beachside Takapuna Landbank + Established Motel!

2 Rewiti Avenue, Takapuna, Auckland

Business / Hotel and Motel / Investment For Sale

For Sale by Deadline Private Treaty closing at 4pm, Thursday, 24 Oct 2019 (Unless sold prior)
Land Area: 3,096.00 m2.    Floor Area: 1,246.00 m2.    

Description

Strategically positioned on the corner of Lake Rd & Rewiti Ave, Takapuna, is ‘Parklane Motor Inn’ which is an exceptional opportunity to add value by either occupying, developing, or land banking in one of the most sought after suburbs in New Zealand.

Opportunity exists here to utilise and improve the existing concrete buildings in their current use, or to fully redevelop the site into alternative residential uses to take advantage of the unitary plan zoning and stunning views the site could offer.

Parklane Motor Inn is an established 32 room motel over three standalone buildings (Late 1980’s concrete construction), with a 75% IEP Rating and currently averaging approximately 70% occupancy.  The 32 Rooms range from 25-35sqm each and consist of 13 Queen Studio Rooms, 12 Twin/Studio Rooms, 5 Spa Studio Rooms and 2 Family Studio Rooms. The complex also contains 3 conference rooms, a swimming pool/gym/sauna, guest laundry facilities & 30 on site car parks.

Featuring 3,116m² of Mixed Housing Urban zoned land on three freehold titles with over 100 metres of road frontage, the site also provides very easy access to the Motorway, and is an easy walk to Takapuna Beach & Takapuna Town Centre.

Combine this irreplaceable location with the substantial improvements offered, 2 Rewiti Ave is the ideal opportunity in a booming industry.

Do not miss this extremely rare opportunity in a very tightly held market. Call the sole agents now for further information or to arrange a viewing.

Features

  • 3 Standalone Buildings – Concrete Construction
  • 3,116m² - 3 Freehold Titles – Corner Site
  • Established 32 Room Hotel – Huge Potential
  • Easy Walk to Takapuna Beach & Town Centre
  • Mixed Housing Urban Unitary Plan Zoning
  • Close Proximity to Motorways
  • Occupy/Develop or Landbank
  • Unbeatable Add Value Opportunity

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