- For Sale
Situated in Manukau’s premium mixed-use precinct, 12 Lakewood Court is a significant 5,682 m² land holding with substantial profile.
Currently leased to two operators, Rayland Motel and Valentines Restaurant, the property returns $732,000 net per annum. The leases includes strong fixed growth, guaranteeing upside on investment.
The buildings are modern with an A - Grade NBS rating, they are built on the perimeter of the freehold site with dual access and ample car parking. The motel is a well-maintained two-storey accommodation facility.
The area is well serviced with several amenities nearby, such as the Auckland Airport, Manukau City Centre, Westfield Mall, two brand new MIT Campuses and transport hubs. Enjoy easy access to Auckland’s motorway network with both State Highway and 20 within close proximity.
Passive Investors, strategic land holders and developers will be attracted to the extremely strong tenant covenant. They will also recognise the future potential of the approved resource consent plans for a multi-level facility on the large strategic landholding in the heart of Manukau.
Call the Sole Agents Gawan, Ryan and Matt for further information.
Ref #: 20671248