Director | Central Auckland
Mob: +64 21 666 991
Phone: +64 9 369 9702
Broker | Waikato & East, South, North Auckland
Property / Complex
Karaka Tree Motel is a large property on a prime Lake Terrace site of approximately 2,555 square metres.
The property is prominent being an elevated site and enjoys the benefit of entrances from both Lake Terrace and Napier Road. There are also lake views from the balconies and upper floor of the owner's home.
There are 24 generous sized rooms over two levels and a three-bedroom owners accommodation located at the front entrance off Lake Terrace.
A large conference room is located on the upper level with a kitchen facility to one side. The room has not been used for some time and has become a storage area for the current lessee.
Karaka Tree Motel also enjoys the use of a thermal bore which is located central to the complex and is serviced by way of an easement through Lot 1 at 9 Napier Road. The bore supplies heated water to the spa pools in each of the units.
The configuration is as follows.
The 3 bedroom owner's home is ideally located at the front of the complex and adjoins the reception. The property naturally enjoys lake views and is amongst good company with 3 of the best accommodation providers directly across the road.
Some investment will be required upon the exit of the lessee however, the lease provides for maintenance to be undertaken by the lessee throughout the term of the lease.
Don't overlook this unique opportunity as freehold investments with the flexibility and upside are hard to find.
Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.
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