Built to a high specification in 2008/9, the 17-unit Boulcott Lodge consistently rates as #1 in Lower Hutt. The lease has its first expiry in 2051.

A factor in this motel's popularity is the appealing hotel-style architecture, with all rooms accessed from wide, bright internal corridors. The construction is principally concrete with a concrete mid-floor and timber-framed first floor. The internal, common area finishes are smart, bright and particularly low maintenance.

The current rental is $307,327.00 plus GST plus all outgoings plus a monthly maintenance fund contribution equal to 5% of the net rental. The next rent review in 2027 being the greater of CPI or market. A full ratchet applies for all reviews. The rateable value is $4,800,000. The current tenant purchased the business in 2023 for more than $1,400,000.

The additional security that motel freehold investments offer their owners, over and above any other form of commercial property investment cannot be over-stated. 

This motel is the closest to both Hutt and Boulcott hospitals so is regularly the accommodation of choice for visiting doctors, surgeons and others as well as families of patients.

615 High Street is being sold by Tender closing on Tuesday 29th July 2025 at 12.00pm.