Listing Ref: 778

Property Name: Ascot Epsom Motel
Address: 92 Great South Road, Newmarket, Auckland
Property Type: Motel
Sale Type: Leasehold Going Concern
Price: Price on Application
Region: Auckland

Features

Ascot Epsom Motel, Newmarket, Auckland is centrally located with easy access to Auckland's Airport, motorways and the city.  The buildings and business occupy leased land. The land is owned by a Trust offering a perpetual lease on a five yearly rental review basis.

The property enjoys strong year round occupancies with scope for further development.

Over the past year the owner has undertaken an ongoing redevelopment programme and upgrade work has continued on this property reflecting its strong performance. A number of rooms have been totally upgraded and refurbished as well as generous landscaping to improve the overall appearance.

This leasehold property offers all the advantages of a freehold property, except you do not have to raise the capital to purchase the land as it is on a perpetual lease. This offers grand savings, as you obtain all the advantages of freehold investment without the necessary huge capital investment.

Ascot Epsom has undergone an upgrading transformation and a new owner can occupy with confidence and take this property to new levels of trading.

Configuration 

21 well appointed units comprising 16 studio units , and 5 generous sized family units, some interconnecting.

Owner's Accommodation

The owners 3 bedroom residence has undergone a complete upgrade and offers excellent living quarters to a new owner.

Financials       

Financials will be made available to qualified purchasers. 

Contact

For more information please contact the Vendor's agent, Lindsay Sandes 021 895 940 lindsay@resortbrokers.co.nz

Visit the motel's website by clicking on this link: www.ascotepsom.co.nz